Vadhavan Port:
The Union Cabinet recently approved the Rs 76,220 crore to Vadhavan Port project in Maharashtra after months of deliberations.
- Vadhavan Port is an approved greenfield deep-sea port in Vadhavan, Palghar District, Maharashtra.
- The port will be developed as an all-weather deep draft major port, which will include the development of core infrastructure, terminals, and other commercial infrastructure in public-private partnership (PPP) mode.
- The project will be constructed by Vadhavan Port Project Limited (VPPL), a special purpose vehicle (SPV) formed by the Jawaharlal Nehru Port Authority (JNPA) and Maharashtra Maritime Board (MMB) with a shareholding of 74% and 26%, respectively.
- The total estimated cost for the project, including land acquisition is Rs. 76,220 crores.
- The port will have nine container terminals, each 1000 meters long, four multipurpose berths, including the coastal berth, four liquid cargo berths, a Ro-Ro berth, and a Coast Guard berth.
- The Project involves the reclamation of 1,448 hectares of area in the sea and the construction of 10.14 km of offshore breakwater and container/cargo storage areas.
- The project will create a cumulative capacity of 298 million metric tons (MMT) per annum including around 23.2 million TEUs (twenty-foot equivalents) of container handling capacity.
- The project will be connected to the Delhi–Mumbai Expresswayvia a link expressway.
- It is expected to serve as a gateway port for the upcoming India-Middle East-Europe Corridor (IMEC) and International North-South Transportation Corridor (INSTC).
- It’s a key project within the Indian government’s Sagarmala initiative to enhance the performance of the country’s logistics sector.
