KAKINADA: Finance minister Yanamala Ramakrishnudu inaugurated a conference hall constructed by Gujarat State Petroleum Corporation here Tuesday.
Later, he told newsmen that the coastal area between Chennai and Visakhapatnam would be developed along with the proposed petro corridor.
Because of this, Kakinada and its adjacent areas would be developed industrially. An hardware park and a LNG terminal with an estimated cost of `2,500 crore would come up. After paying proper compensation to the farmers who had ceded their lands to the Kakinada Special Economic Zone measures would be taken to set up industries in the KSEZ.
The minister said that another LNG terminal with an estimated cost of `4,000 crore would come up in Visakhapatnam. The GMR group evinced interest to construct a captive port in Kakinada. Steps were taken to develop Rajahmundry airport to cater to the needs of the people, Yanamala said.
A dedicated bullet train connecting coastal districts and an eight-lane express highway would also come up, he announced. Deputy chief minister Nimmakayala Chinna Rajappa, HRD minister Ganta Srinivasa Rao, ZP chairman Namana Rambabu, collector Neethu Prasad and others were present.
Coastal area between Chennai and Visakhapatnam to be developed
Hardware park and a LNG terminal for Kakinada
GMR group likely to construct a captive port in Kakinada
Rajahmundry airport to be developed
A dedicated bullet train connecting coastal districts
Eight-lane express highway