Machilipatnam Port Development Kicks Off
- Business & Finance
Navayuga Engineering Company Limited (NECL), the flagship entity of the Indian multinational conglomerate Navayuga Group, has formally kicked off the development of Machilipatnam Port, located on the east coast of the country.
Hon. Chief Minister Shri N Chandrababu Naidu today laid the foundation stone for this new green-field, all-weather multi-purpose port.
“Machilipatnam is one of the megaports and an ambitious project planned under the Sagarmala program. The deep water sea port, centrally located on the coast of Bay of Bengal in the Krishna district of Andhra Pradesh is a grand project that is well poised to kick-start the local economy thereby uplifting the social eco-system of the area. Port based SEZs, power plants, industries, ancillary units etc. are also planned in the port’s vicinity,” according to an official announcement.
Spread across 4800 acres, the first phase is expected to be complete and operational in record time of 18 months, said the company.
Subsoil at the site of the port consists of very soft marine clay for nearly 18 meters. The company has developed the design of a structural breakwater and layout of the breakwaters and berths have been made to obtain absolute tranquility in the port waters.
Under the contract, Navayuga Engineering Company Limited will develop the port on Build-Own-Operate-Transfer basis for a period of 50-year.