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Date: 03/01/2025

Vizag Port scraps contract for PPP berth

Visakhapatnam Port Authority has reportedly terminated the concession contract with AVR Infra Pvt Ltd (a unit of Chennai-based IMC Ltd) for the Eastern Quay-10 (EQ-10) berth due to non-compliance with minimum guaranteed throughput (MGT) obligations. The EQ-10 berth, handling liquid cargo such as chemicals and edible oils, was part of a 30-year agreement signed in 2010, but AVR Infra failed to meet its MGT of 400,000 tonnes annually for six consecutive years since the terminal began operations in 2017. The port authority now plans to operate the EQ-10 berth itself, as per reports.
 
Source: Exim News Service: Visakhapatnam, Jan. 2



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