PPP mode development of core infra for major port
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved setting up a Major Port at Vadhavan near Dahanu in Maharastra, costing Rs.76,220 crore https://www.globaltenders.com/ .
The Project will be constructed by Vadhavan Port Project Limited (VPPL), an SPV formed by Jawaharlal Nehru Port Authority (JNPA) https://www.jnport.gov.in/ and Maharashtra Maritime Board (MMB) with a shareholding of 74% and 26%, respectively, the Cabinet said on giving the approval on 19 June 2024.
The Vadhavan Port will be developed as an all-weather Greenfield deep draft major port in Vadhavan, Palghar District, Maharashtra https://ted.europa.eu/en/ .
The total project cost, including the land acquisition component is Rs.76,220 crore. This will include development of core infrastructure, Terminals and other commercial infrastructure in public-private partnerships (PPP) mode https://www.meed.com/latest/tenders .
The cabinet also approved establishing the road connectivity between the Port and National Highways by Ministry of Road Transport & Highways https://morth.nic.in/ and rail linkage to the existing rail network and the upcoming Dedicated Rail Freight Corridor by Ministry of Railways https://sbi.com.in/ .
The Port will comprise nine container terminals, each 1,000 meters long, four multipurpose berths, including the coastal berth, four liquid cargo berths, a Ro-Ro berth, and a Coast Guard berth http://ipa.nic.in . 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 https://www.tendersinfo.com/ .
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 https://www.ibef.org/ .
The capacities created will also aid EXIM trade flow through IMEEC (India Middle East Europe Economic Corridor) and INSTC (International North South Transportation Corridor) https://www.wto.org/ . The world-class maritime terminal facilities promote public-private partnerships (PPP) and leverage efficiencies and modern technologies to create a state-of-the-art terminals capable of handling mainline mega vessels plying on international shipping lines between the Far East, Europe, the Middle East, Africa and the Americas https://fieo.org/ .
Vadhavan Port, on completion, will be one of the top 10 ports of the world https://www.worldbank.org/en/home .
The Project, aligned with the objectives of PM Gati Shakti program https://www.adb.org/ , will add to further economic activity and also have the potential for direct and indirect employment opportunities for around 12 lakh individuals, thereby contributing to the local economy. Fiinews.com
