BS Reporter, Hyderabad April 23, 2008
A Dream come True! A Small Step for India, but a GAINT Leap for Machilipatnam and Vijayawada People.
Andhra Pradesh chief minister, Y S Rajasekhara Reddy, would lay the foundation stone for the proposed Rs 1,590-crore Machilipatnam deep water port on Wednesday.
Maytas Infra-led consortium consisting of Nagarjuna Construction Company (NCC), Sarat Chatterjee & Company (VSP) Private Ltd and SREI Infrastructure Finance Limited is developing the port that is expected to be operational within a period of two years. Located on the banks of Goguleru creek, about 30 km north of Machilipatnam, the port will have 12 berths initially.
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