According to a data from the Andhra Pradesh Maritime Board, the draft of the port will be around 16 m (52 ft), which accommodate 120,000 deadweight tonnage vessels at the harbour's jetties.

The long coastline enables the state to monetize marine activities on a large scale.

The Andhra Pradesh Maritime Board Act came into effect from 16 December 2016; importance and benefits of adapting PPP models in modernization of state ports and their management are acknowledged.

As part of its efforts to develop port infrastructure, the Andhra Pradesh Maritime Board (APMB) proposed the development of a greenfield port at Bhavnapadu (now Mulapeta) in Srikakulam district of Andhra Pradesh.

[2] Former Chief Minister of Andhra Pradesh Jaganmohan Reddy laid the foundation stone of Mulapeta port in Srikakulam district on 19 April 2023.