BALMER LAWRIE & CO. Visakhapatnam Port Trust is set to invest to the tune of ₹700 crore in various infrastructure projects

BALMER LAWRIE & CO. Visakhapatnam Port Trust is set to invest to the tune of ₹700 crore in various infrastructure projects

Balmer Lawrie has 60%

PM Modi Launches Infra Projects Worth Rs.15,233 Cr in AP

· Outlining the advantages of Gati Shakti initiative, he said that the stage was being set for taking the Indian economy to $5 trillion economy by 2025.

· The focus is on developing the seven sectors or the engines of growth such as road, rail, airport, logistics, seaport, mass transport and motor ways and the basic idea is coordination and cooperation between the sectors.

· To give a permanent solution to pollution issues, VPT will be investing around ₹210 crore for building covered sheds over 25 acres of land, he said.

· He said the electrification work on 23 ETKM Port Railway lines have been completed in the 1st phase and second phase of 38 TKM of Electrification Port Railway Lines will begin shortly.

· VPT is also developing a truck parking terminal on an extent of 20 acres at a cost of about ₹52 crore near Exim park area. This facility will provide space for 600 trucks, he said

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