Krishnapatnam Port
Shipping/Ports Krishnapatnam Port begins operations; to invest $2 billion Krishnapatnam Port, whose container terminal began operations today, will be investing $2 billion in the next six years to ramp up capacities in the second phase, a top port official said here. Sept. 27, MUMBAI: The Andhra Pradesh-based Krishnapatnam Port , whose container terminal began operations today, will be investing $2 billion in the next six years to ramp up capacities in the second phase, a top port official said here. "We have already invested $1 billion and have started operations at the container terminal. We will invest another $2 billion in the next five to six years to increase capacity in both the bulk as well as container segments," port's chief executive Anil Yendluri told reporters here today. He, however, declined to offer as to how the port, promoted by the Hyderabad-based CVR Group having interests in engineering, will fund such h...