The state government has set the stage for reviving the historic port in Machilipatnam. Chief Minister YS Jagan Mohan Reddy will lay the foundation stone for the new port on Monday.
This is the fourth port to be taken on by the state government in recent years. The state government has finalized the bids for the construction of the port after securing all clearances from the Centre.
The port is expected to transform the Krishna district into a developed district in the near future. The state government is undertaking the port at a cost of ₹5,156 crore.
"We have completed the land acquisition, and tender process, secured permissions, and resolved all legal disputes. Work will commence after the foundation stone is laid. This is going to be a red-letter day in the history of Machilipatnam," said former minister and local legislator Perni Venkatramaiah (Nani).
He said that the port would be a game-changer for the overall development of the region as well as the state. He said that the port would provide direct and indirect employment to about 25,000 people. He added that the Machilipatnam port would be instrumental in handling exports of fertilizers, coal, cooking oil, containers, agricultural products, cement, cement clinker, granite, and iron ore coming from the districts of Guntur, Krishna, NTR, East and West Godavari of Andhra Pradesh and Khammam, Karimnagar, Adilabad, Nalgonda and Warangal districts of Telangana.
The port is expected to be completed in two years and will have a cargo handling capacity of 35 million tonnes per annum. It will be a deep-water port and will be able to handle large ships. The port is expected to boost trade and commerce in the region and create jobs. It is also expected to attract investment to the region.