PROJECT

Projects

Summary of Investment Information

Project Number

41434

Company Name

VISAKHA CONTAINER TERMINAL PRIVATE LIMITED

Date SPI Disclosed

Apr 10, 2019

Country

India

Region

South Asia

Projected Board Date

May 27, 2019

Environmental Category

B - Limited

Status

Active

Last Updated Date

May 5, 2024

Department

Regional Industry - INF Asia & Pac

Industry

Infrastructure

Previous Events

Approved : May 30, 2019
Signed : Aug 31, 2019
Invested : Mar 8, 2021

Sector

Port and Harbor Operations

Project Description

  Visakha Container Terminals Pvt. Ltd (VCTPL or Company) has been operating a container terminal since 2003 on a 449-meter berth (VCT I) at Visakhapatnam Port in the state of Andhra Pradesh, India. The Company has been awarded a 30-year concession by Visakhapatnam Port Trust (VPT) to develop, operate & maintain a 395-meter extension of the existing 449-meter berth (VCT II or Project). The expected container handling capability of VCT II is 0.75 million TEUs.

IFC is considering a financing package up to INR equivalent of US$ 103 million, including an A loan of US$ 46 million and parallel loans of US$ 57 million.                                                 

Associated Advisory Engagement

                               

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation