The Krishnapatnam Port is India's largest private sector port. It was inaugurated on 17 July 2008 by the UPA Chairperson Sonia Gandhi. The port was built by the Navayuga Engineering Company Limited, the flagship concern of the CVR Group, under a build-operate-share-transfer (BOST) agreement with the Government of Andhra Pradesh. The port covers an area of 4,553 acres. The BOST agreement, valid for 30 years and further extendable to 50 years, requires the promoters to pay 2.6% of the port's gross revenue to the Government of Andhra Pradesh for the first 30 years. From the 30th year, that share increases to 5.4% and from the 40th year to 10.8%. The agreement also requires them to develop the port in three phases with the first phase being completed by January 2008, the second phase by 2012 and the final by 2017
Considering India’s growing maritime trade in the world market with unprecedented growth in bulk commodities and containerized trade, Krishnapatnam Port has been envisioned futuristically as a modern, deep water & high productivity port with the view to sustain the demands of growing international trade scenario. One of India’s largest and fastest growing seaports, Krishnapatnam Port has emerged as a world-class port with outstanding services and facilities. It is fast becoming a port of choice for all international cargo originating from and destined to the Southern and Central India. Krishnapatnam Port Company has won the mandate from the Govt. of Andhra Pradesh to develop the existing minor port into a modern, deep water & high productivity port, on BOST basis for 50 years. The port is being built in three phases and currently the second phase of development is underway. Port has numerous strengths like its area, location, weather and new generation world class port facilities; it will soon be poised to become one of the biggest ports in the world and the Largest port in India.
How to reach Krishnapatnam Port?Krishnapatnam Port is Very Close to Nellore City.. Just 25 Km From Nellore VRC Center.. Bus Fecility Available From Here.... And Auto Fecility Available From Nellore