Andhra Pradesh government is planning to set up a port in Ramayapatnam in Prakasam district of Andhra Pradesh. The government will set up a special purpose vehicle to develop the project, where it will retain 11% equity, while IFFCO, Visakhapatnam Port Trust (VPT) and National Mineral Development Corp Ltd (NMDC) will also have stakes in the project. The project involves setting up of 6 cargo berths, ship building and breaking facilities. It will also house a fishing harbour. As of December 2018, the government has laid the foundation stone to be laid for the project.