The first phase of the multi-modal logistics park being developed by Container Corporation of India (Concor) at Viman Nagar opposite to the airport is being inaugurated on Friday, according to Senior General Manager G.R Seshagiri Rao.
He said here on Thursday that the park, the first of a series being developed by Concor all over the country, would come up on 100 acres at Viman Nagar and the total investment may be around Rs 370 crore.
"It is a major infrastructure project taken up by Concor in Andhra Pradesh and it will give a great boost to the Exim trade in the state, especially with the prospect of a number of projects coming up in Seemandhra in the next five to ten years with tax incentives," he said.
The project would offer integrated logistical solutions to the trade, not only in Andhra Pradesh, but also in the neighbouring states of Odissa and Chhattisgarh as they make use of the Visakhapatnam port and Gangavaram port.
"It will have a private freight terminal and container freight stations and facilities for empty container storage and handling. Container repair facilities would be provided. There will be open and covered warehouses. Covered warehouses with a space of 4.5 lakh sq. ft would be built and there would also be quality control facilities. Value-addition to the cargo would also be possible at the park," he said.
Seshagiri Rao said the railways is building up multiple railway sidings in the park and other necessary infrastructure. There would be facilites for handling reefer (refrigerated) containers necessary for aqua and pharma sectors. The project would be completed by March, 2016, and "it will certainly give a shot in the arm to the Exim trade in the region''.
At present, Concor is operating a container freight station here on 14 acres on the harbour road.