The government on Tuesday approved the technical and financial offers submitted by NECL, which listed £ 2.634 billion for the project.
A joint venture company led by Navayuga Engineering Company Limited (NECL) became a successful bidder for the construction of the planned greenfield port in Ramayapatnam in the Prakasam district.
The government on Tuesday approved the technical and financial offers submitted by NECL, which indicated £ 2,634 billion for the EPC-based project.
Since then, the CEO of the AP Maritime Board has been given permission to issue the letter of approval to the NECL-run joint venture company under GO Rt No. 16 by Special Chief (Infrastructure & Investment) R. Karikal Valaven.
The port of Ramayapatnam will be expanded as an all-weather port and will include a dry dock / ship lift, LNG berths and a fishing port.
The port has a draft of 12.60 meters, which in the first project phase can accommodate Panamax-sized ships with 80,000 DWT and later 1.25,000 DWT ships and ultimately Cape-sized ships.
It will handle bulk goods (coal, ore, etc.), containers and various raw materials, and it will have permanent marine facilities necessary for the mechanical handling, transportation and storage of cargo to meet the demands of trading and shipping activities.