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Machilipatnam Port construction in full swing, completion expected by 2025
PORTS & SHIPPING

Machilipatnam Port construction in full swing, completion expected by 2025

In a significant update on India鈥檚 maritime infrastructure, Minister of Ports, Shipping, and Waterways Sarbananda Sonowal revealed that construction of Machilipatnam [Andhra Pradesh] Port, which began in April 2023, is expected to be completed by October 2025. This non-major port, under the admini...

In a significant update on India鈥檚 maritime infrastructure, Minister of Ports, Shipping, and Waterways Sarbananda Sonowal revealed that construction of Machilipatnam [Andhra Pradesh] Port, which began in April 2023, is expected to be completed by October 2025. This non-major port, under the administrative control of the Government of Andhra Pradesh, is not included in the central government鈥檚 Sagarmala Scheme. However, it is supported by a substantial term loan of Rs.39.4 billion from Power Finance Corporation (PFC) to the Machilipatnam Port Development Corporation (MPDCL). Further, investments are being made by the Visakhapatnam Port Authority and the Inland Waterways Authority of India (IWAI), which have undertaken 36 projects in Andhra Pradesh amounting to Rs.46 billion. 

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