VCTPL lands Vizag container terminal project.

Visakhapatnam Port Trust (VPT) has approved issuing a letter of award to Visakha Container Terminal Pvt. Ltd. (VCTPL) for extension of existing container terminal at a cost of Rs.633 crore.

The proposal was okayed by the board of trustees, which met here recently Kolkata Port Trust Chairman R. P. S. Kahlon, who is holding additional charge as Chairman of VPT, presided over the meeting.

VCTPL, a joint venture of DP World and United Liners Agencies of India (Private) Ltd., had developed the existing container terminal a decade ago under the PPP (Public-Private Partnership) model. It had handled 2.47 lakh twenty-foot equivalent units in the last fiscal. Once the new container terminal is extended, it will increase the capacity by 0.5 million TEU. It is envisaged to increase the length of the all-weather terminal to 850 metres to handle bigger size vessels.

THE HINDU