Political News

The Saga Of Bandar Port Inauguration

Andhra Pradesh Chief Minister YS Jagan Reddy recently performed the bhoomi pooja (ground-breaking ceremony) for the Machilipatnam (Bandar) port and unveiled a pylon at Thapasipudi village in the Bandar mandal. Arriving from the Tadepalli camp office, CM Jagan reached the Bharat Scouts and Guides grounds at ZP Centre via a special helicopter before making his way to Thapasipudi village.

The inauguration of Bandar port holds significant importance due to its history. The project has faced considerable delays and has seen multiple foundation stone laying ceremonies in the past. In 2008, the late CM YS Rajasekhar Reddy performed the necessary formalities, but the construction failed to progress. Subsequently, in February 2019, former CM Nara Chandrababu Naidu conducted another ceremony; however, the TDP government lost power in the subsequent elections. Now, CM Jagan has now hosted a similar event.

The construction work order for the port has been awarded to Megha Engineering, and the state government has estimated the cost of the port’s first phase to be around Rs 5,235.48 crore. Out of this amount, the Power Finance Corporation is set to contribute Rs 3,940.42 crore as a loan, accounting for 75 percent of the total estimated cost.

Now, the question arises: will the construction of Bandar port finally move forward from this point onward and provide much-needed employment opportunities for the local youth? Only time will tell whether this long-awaited project will come to fruition and fulfill its potential in boosting the local economy.

Overall, the inauguration of Bandar port marks a significant milestone in its development, raising hopes for progress and prosperity in the region.

This post was last modified on 22 May 2023 3:07 pm

Share
Show comments
Published by

Recent Posts

Akhanda Thaandavam: Now It’s All Up to the Boyapati–Balayya Combo

Nandamuri Balakrishna's much hyped sequel to his blockbuster Akhanda got postponed in the last minute…

1 hour ago

Ruthless India Thrash South Africa!

After horrifying defeat in the test series against South Africa, the host nation, India bounced…

3 hours ago

Official: Balakrishna’s Akhanda 2 Release Date Announced

God Of Masses Nandamuri Balakrishna’s much-awaited devotional and action entertainer Akhanda 2 was supposed to…

3 hours ago

It’s Official: Can’t Use Social Media If You’re Under 16

Due to the excessive graphic content that is in circulation on social media, several developed…

4 hours ago

Modi – Satya Meet: Microsoft’s ₹1.5L Crore AI Push in India

Satya Nadella, the CEO of the globally renowned Microsoft tweeted on X (formerly Twitter), thanking…

4 hours ago

After Aqua, Trump Tariffs to Hit Indian Farming Sector

US President Donald Trump hinting at more tariffs on Indian rice reminds of tariffs on…

5 hours ago