The Andhra Pradesh government is advancing its maritime infrastructure with plans to develop four new ports, including Ramayapatnam and Mulapeta. This initiative aims to increase the state’s port capacity from 110 million tonnes (mt) to 400 mt. To support this expansion, the Sagarmala Finance Corporation Ltd is expected to approve a ₹2,000 crore loan for the Andhra Pradesh Maritime Board, specifically for the construction of these two ports.
Under the engineering, procurement, and construction (EPC) model, the state government will handle land acquisition and regulatory clearances while also funding the projects. The Ramayapatnam port is being developed by Navayuga Engineering Co Ltd, with a total estimated cost of ₹3,736.14 crore for the first phase, and an additional ₹10,640 crore for the final phase. Meanwhile, Mulapeta’s development is being managed by a joint venture led by Vishwa Samudra Holdings Pvt Ltd, with a contract valued at ₹2,949.70 crore.
The Mulapeta port is designed to be an all-weather, deep-water facility, with the first phase expected to handle approximately 23.5 mt of cargo. The board meeting scheduled for Friday is anticipated to finalize the loan approval, facilitating the continued progress of these vital maritime projects.
