HYDERABAD: The Government of Andhra Pradesh recently formally launched the work for development of Ramayampet Port in Nellore district.
Chief Minister Jagan Reddy laid the foundation stone for the project which is expected to be a boon for overall economic development of the state, especially Nellore and Prakasam districts.
The project, which is estimated to cost Rs 11,000 crore, will be completed in three phases.
The State Government will be building the port with its own resources to generate more revenue.
The Government has set a target of completing first phase at a cost of
Rs 3,736 crore in 36 months.
Four berths will be developed under the first phase. The Government expects once completed the port will handle 25 million tonnes a year.
The Nellore district administration has acquired 803 acres of land and handed it over to the Andhra Pradesh Maritime Board (APMB).
Addressing the evacuees, the Chief Minister said the project would boost economic activity in the State.
