A joint venture (JV) between Navayuga Engineering Company and Aurobindo Realty and Infrastructure have signed Rs 2,634.65 crore engineering, procurement and construction (EPC) contract with the Andhra Pradesh government for building a greenfield port at Ramayapatnam in Prakasam district.
The contract signed on 30 July 2021 sets the stage for construction of a greenfield port in the country in more than a decade.
Navayuga Engineering Company is the flagship company of the Hyderabad-based CVR Group while Aurobindo Realty and Infrastructure is the real estate and infrastructure venture formed by the promoters of Mumbai-listed Aurobindo Pharma.
The Ramayapatnam Port will be developed by the Andhra Pradesh government on the landlord model in two phases with Phase-I costing Rs 3,736.14 crore and the final phase costing another Rs 10,640 crore.
The detailed project report (DPR) for the new port was prepared by RITES while AECOM-URS Scott Wilson consortium has been hired as the project management consultant.
Ramayapatnam is one of the four new ports identified by the state government to expand the port capacity to 400 million tonne by 2024 from 110 million tonne.
The EPC contract includes 5.05 km of breakwater, shore protection of one km, 15.5 million cu mtr of capital dredging of approach channel, turning circle, harbour basin and berthing area for handling vessels up to 14.5 mtr draft, land reclamation of about 66 ha, installation of navigational aids and vessel traffic management systems.
It also includes three multipurpose berths of 900 mtr along with fixtures such as crane rails, safety ladders, mooring rings, fenders, bollards, rubbing strips, lighting as well as road and rail connectivity.