Union Cabinet Approves Development Of ₹76,200 Crore All-Weather Greenfield Port At Vadhavan In Maharashtra

Union Cabinet Approves Development Of ₹76,200 Crore All-Weather Greenfield Port At Vadhavan In Maharashtra

The port will be developed by an SPV formed by Jawaharlal Nehru Port Authority and the Maharashtra Maritime Board, with a shareholding of 74 per cent and 26 per cent, respectively, according to an official statement.

FPJ News ServiceUpdated: Thursday, June 20, 2024, 01:26 PM IST
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Representational image | Photo credit: VPT twitter account

New Delhi: The Union Cabinet on Wednesday approved the development of a Rs 76,200-crore all-weather greenfield port at Vadhavan in Maharashtra.

About The All-Weather Greenfield Port

The port will be developed by an SPV formed by Jawaharlal Nehru Port Authority and the Maharashtra Maritime Board, with a shareholding of 74 per cent and 26 per cent, respectively, according to an official statement.

It will be one of the top 10 ports in the world and create employment opportunities for 12 lakh people, Information and Broadcasting Minister Ashwini Vaishnaw said.

“The total project cost, including the land acquisition component, is Rs76,220 crore” and will include the development of core infrastructure, terminals, and other commercial infrastructure in public-private partnerships mode, according to the statement.

Cabinet Approves Road Connectivity Between The Port & National Highways

The Cabinet also approved road connectivity between the port and national highways and linkage to the existing rail network and the upcoming Dedicated Rail Freight Corridor.

The port will comprise nine container terminals, each 1,000 metres long, four multipurpose berths, including the coastal berth, four liquid cargo berths, a Ro-Ro berth, and a Coast Guard berth.

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