Visakha Container Terminal Archives - Maritime Shipping News

Visakha Container Terminal set to become regional trans-shipment hub on east coast

27 September 2019

Currently, it has three services — FME, CHX and MDM — linking the East

Container lines Hapag Lloyd, ONE, YML, COSCO and OOCL will jointly run a new direct service from Visakha Container Terminal (VCT), the privately-run facility at State-owned Visakhapatnam Port Trust, to the Mediterranean and Europe, which will also bring connectivity with Africa and the America.

The announcement strengthens Visakha Container Terminal’s rising stature as a regional container transshipment hub on the east coast,...

https://container-news.com/visakha-container-terminal-trans-shipment-hub-east-coast/

IFC likely to sanction loan for Visakha terminal expansion

22 April 2019

The International Finance Corporation (IFC), the private arm of the World Bank, along with a consortium of banks, is considering sanctioning loan to fund the expansion of the container terminal being operated by the Visakhapatnam Port Trust (VPT) through the Visakha Container Terminal Pvt. Ltd.

Diligence study

Talks have reached an advanced stage, with the IFC involving the ICICI to proceed further and explore the sanction of the loan sought by the VCTPL. At present, the due diligence study is...

https://container-news.com/ifc-sanction-loan-visakha-terminal-expansion/

IFC plans a big loan for Visakha terminal

16 April 2019

International Finance Corporation (IFC), the World Bank’s private-sector investment arm, plans to arrange a loan worth $103 million (Rs 710.7 crore at current exchange rate) for Visakha Container Terminal Pvt. Ltd.

IFC said in a disclosure that it is considering a $103 million package for Visakha: $46 million from its own resources and $57 million from elsewhere.

Visakha has been awarded a 30-year concession by Visakhapatnam Port Trust to develop, operate and maintain a 395-metre extension of an...

https://container-news.com/ifc-loan-viskha-terminal/

VCTPL expansion project is about to start

21 January 2019

With the objections over applicability of the latest lease rental cleared, the work on the expansion of Visakha Container Terminal Private Limited (VCTPL) termed as ‘Terminal-2 Project’ will be launched shortly.

Though the project proponent – J.M. Baxi Group and Dubai Port World—had completed the process for financial closure for the ₹633-crore project under Build, Operate and Transfer (BOT) scheme, uncertainty dogged issuing of the work order for sometime.

Concession agreement

However, after...

http://container-news.com/vctpl-expansion-project-start/

VPT ready to expand its container terminal

20 November 2018

Work for the ₹633-cr. project likely begin by the year-end’

The Visakhapatnam Port Trust (VPT), which has prepared the blueprint to become a world-class port, is all set to raise the green flag for the expansion of container terminal with an investment of ₹633 crore, one of its big-ticket projects.

With Visakha Container Terminal Private Limited, the BOT operator for the project, achieving the financial closure, the works are expected to commence by the year-end or early next year. After approval...

http://container-news.com/vpt-proceed-expansion-container-terminal/