Vizag Port eyes stake in Mulapeta Port SPV to streamline regional cargo
The Visakhapatnam Port Authority is negotiating a 49% stake in the Mulapeta Port project to streamline regional cargo distribution. The plan involves shifting bulk commodity traffic from Visakhapatnam to Mulapeta to improve operational efficiency.
Why it matters
This infrastructure partnership is critical for optimizing logistics along the Andhra Pradesh coast and supporting the long-term economic development of the region.
Vizag Port eyes stake in Mulapeta Port SPV to streamline regional cargo left An aerial view of the Visakhapatnam port. FILE PHOTO FILE PHOTO FILE PHOTO https://th-i.thgim.com/public/incoming/9034ka/article71612844.ece/alternates/FREE_1200/02Port.jpg DEEPAK KR VISAKHAPATNAM , ANDHRA PRADESH : 24/05/ 2023 : An aerial view of the Visakhapatnam port. Major development works taken up by Port Authority will take the Visakhapatnam Port to international level. Photo K.R Deepak / The Hindu VISAKHAPATNAM The Visakhapatnam Port Authority (VPA), is exploring a strategic partnership with the Andhra Pradesh Maritime Board (APMB) to acquire a 49% equity stake in the Special Purpose Vehicle (SPV) developing Mulapeta Port in Srikakulam district. Speaking to The Hindu, a senior VPA official confirmed that discussions were under way between the State government and the Centre. “A final decision is likely to be taken by the end of 2026-27FY,” the official said.
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