Hon’ble Chief Minister of Andhra Pradesh Dr Y S Rajasekhara Reddy today laid the foundation stone for the construction of All Weather Deep Water Port at Machilipatnam to be constructed by Maytas Infra Limited, a Hyderabad based construction and infrastructure development company in association with Nagarjuna Construction Company Ltd., SREI Infrastructure Finance Ltd and Sarat Chatterjee & Co (VSP) Pvt Ltd.

The proposed location for the development of a Deep Water Port at Machilipatnam is around four kilometers to the North of the existing fishing habour at Gilakaladinne.

Speaking on the occasion, Mr Teja Raju, Vice Chairman, Maytas Infra said, “Maytas Infra is proud to be associated with Machilipatnam Deep Water Port that will provide a strong impetus to the development activity in this region. The project would be developed in 3 years, and we look forward to contributing for the progress of our Andhra Pradesh state.”

The port, well connected by road and rail and in close vicinity of Gannavaram airport has a good potential for handling coal requirements of Vijayawada Thermal Power Plant and other cement plants spread in the Krishna belt. On completion, the Machilipatnam Deep Water Port will be well equipped to handle exports of agricultural produce, minerals and other commodities from the surrounding districts.

Sourced From: Perfect Relations Limited

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