Amaravati: The Andhra Pradesh government on Friday offered a second extension of time (EoT) until this year-end for the completion of works at nearly Rs 5,000-crore Ramayapatnam Port without any levy of liquidated damages.
The work was entrusted to the joint venture of Navayuga Engineering Company Ltd (NECL) and Aurobindo Realty Ltd (ARIPL) with June 23, 2025, as the scheduled date of completion.
The proposal for the EoT came from the chief executive of the Andhra Pradesh Maritime Board (APMB), following a list of factors submitted by the Engineering Procurement and Construction (EPC) contractor asking for the extension.
The first phase of the deep-sea, greenfield Ramayapatnam Port was originally estimated to cost between Rs 3,700 crore and Rs 5,000 crore. Delays allowed the state government to review engineering and execution requirements, and subsequent progress included awarding capital deepening works to the DEME Group.
Currently, the Andhra Pradesh Maritime Board has invited bids to privatize and operate the port on a revenue-sharing basis, a move aimed at recovering the capital invested in its construction.
