Rs 2,500 Cr LNG Terminal for K’nada

Finance minister Yanamala Ramakrishnudu inaugurated a conference hall constructed by Gujarat State Petroleum Corporation here Tuesday.

Published: 30th July 2014 08:21 AM  |   Last Updated: 30th July 2014 08:21 AM   |  A+A-

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.

Major Announcements

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

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