The Krishnapatnam Port Company Limited appears unperturbed about the competition it would face if the government’s plan to set up a major port at Ramayapatnam in neighbouring Prakasam district turns into reality.
The Central government has zeroed in on the port, to be located 50 km from Ongole, after proposal in favour of Durgarajapuram in Nellore and Nakkapalli in Visakhapatnam had been found unviable. Organisations such as Mineral and Metals Trading Corporation offered to make investments in the proposed port as it would facilitate export of heavy metal ore.
“Competition will bring the best out of you. But, it is too early to comment as the new port is a long way to go,” Krishnapatnam Port CEO Anil Yendluri said when asked about the reports about the new port. KPCL had received enthusiastic response from customers owing to the facilities and the cost advantage it enjoyed over others.
The company was hopeful of leveraging the opportunities thrown up by several infrastructure projects in the region including the numerous power plants that were coming up.
In addition to the investment it planned on developing infrastructure at the port, the company had tied up with the State government and the Railway Ministry for setting up dedicated transport corridors from the port.
The 24-km first phase of railway line from the port to Venkatachalam witnessed movement of 15 trains on an average daily and doubling works had been taken up in the second phase to cater to the growing demand that could see movement of about 50 trains daily.
Works on the phase three for developing a 92-km line connecting Obulavaripalle in Kadapa district to Venkatachalam were launched to provide effective linkage for export of mining products in Bellary and other areas in neighbouring Karnataka.
The KPCL had signed agreement with the State government, Rail Vikas Nigam Limited and the NMDC Ltd. The company would invest Rs.1,300 crore for completion of the three phases. It was also planned to set up LNG and POL (petrol, oil and lubricants) jetties in the coming days.
Government plans to set up a major port at Ramayapatnam in the neighbouring Prakasam district