Krishnapatnam Port to invest $2 billion

Krishnapatnam Port, which commissioned the integrated container terminal on Thursday, said it will invest $2 billion in the next six years to ramp up capacities in the second phase. The company has invested $1 billion till date. “We will invest another $2 billion in the next five to six years to increase capacity in both the bulk as well as container segments,” said Anil Yendluri, CEO, Krishnapatnam Port.

The all-weather port is divided into three parts, each devoted to bulk ‘dirty cargo’ like coal, clean energy cargo and containers. The company has invested up to `800 crore for the two-berth container terminal having a capacity to handle 1.2 million TEUs (twenty-foot equivalent unit) at present, which will be increased to 6 million TEUs post-expansion in the second phase.

The state-of-the-art container terminal is expected to boost its capacity to 6 million TEUs per annum within the next few years, handling the highest container volumes on the east coast.

Recently, the port set a world record for coal discharge of 1,22,247 MT, using the conventional system of coal unloading. Its master plan incorporates 42 berths with total quay length of 12.5 km and draft of 20 meters, capable of handling 200,000 DWT super capsize vessels.