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Blog Entry# 5924607
Posted: Dec 27 2023 (20:39)

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IR Affairs
Dec 27 2023 (20:39)   Kakinada Gateway Port Secures ₹3,000 Crore Loan for Construction

Exynos9611~   20891 news posts
Entry# 5924607         Tags   Past Edits
SBI-led consortium to finance Auro Infra’s ₹3,000-crore gateway port in Kakinada SEZ

A consortium of banks led by SBI has approved a ₹3,000 crore loan for the Kakinada Gateway Port (KGPPL) to build a new port at Kona village. The port, a subsidiary of Auro Infra, is the third on the Kakinada coast, covering 1650 acres and designed to handle 20 million tonnes...
more...
of cargo annually. Construction is underway, with breakwaters already completed and the project expected to be commissioned by mid-2025. The port, spanning 6 km of seafront, will handle exports of coal, granite, fertilizers, and aluminium. A Liquified Natural Gas (LNG) terminal is planned for the second phase. Rail connectivity between Annavaram and the port is approved, and land acquisition for the railway line is in progress. The port will also connect to the Bharatmala road network. KGPPL aims to contribute to the 'blue economy' initiative and is engaging with international shipping companies to attract them to the Kakinada coast.

SBI ke netrutva mein bankon ka ek consortium, Kona gaon mein ek gateway port banane ke liye Kakinada Gateway Port (KGPPL) ko ₹3,000 crore ka loan approve kiya hai. Auro Infra ki subsidiary, yeh port, Kakinada coast par teesra port hai, jismein 1650 acre area hai aur yeh har saal 20...
more...
million tonne cargo handle karne ke liye banaya ja raha hai. Construction chal raha hai, breakwaters poora ho chuke hain aur project ke mid-2025 tak commission hone ki ummeed hai. 6 km seafront wala yeh port, coal, granite, fertilizers aur aluminium ka export handle karega. Dusre phase mein ek Liquified Natural Gas (LNG) terminal banane ki plan hai. Annavaram aur port ke beech rail connectivity ko approve kiya gaya hai, aur railway line ke liye land acquisition chal raha hai. Port, Bharatmala road network se bhi connect hoga. KGPPL ka maqsad 'blue economy' initiative mein contribution karna hai aur woh international shipping companies ko Kakinada coast par attract karne ke liye baat kar rahe hain.

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