Navayuga-led JV secures ₹2,634-cr Ramayapatnam port project
Andhra Pradesh Government has approved the technical and financial bids for the construction of a greenfield port at Ramayapatnam in Prakasam district of Andhra Pradesh. The port will be set up in a joint venture led by Navayuga Engineering Company at an investment of ₹2,634.65 crore. It is a step to take forward its plans to develop four non-major ports in the state. Special Chief Secretary (infrastructure and industries), R Karikal Valaven, informed that the project will be executed on an engineering, procurement and construction basis and the Government has permitted Andhra Pradesh Maritime Board Chief Executive Officer to issue LoA to the lowest bidder. The government is planning to develop four non-major ports to cater to the increasing demand for various types of bulk and container cargo, which is likely to increase to 300-350 million tons a year by 2024-25. The other four non-major ports proposed included Bhavanapadu port in Srikakulam district, Kakinada Port in East Godavari and Machilipatnam Port in Krishna districts. Kakinada port has already been awarded to GMR SEZ Gateway as the government had earlier engaged RITES consultants for the preparation of DPR for the development of Ramayapatnam Port and the report was approved in June 2020.
📅Published on:
30 April 2021
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