Work on Vadhavan Satellite Port Project to commence by December 2023

The construction work on the Vadhavan Satellite Port Project (Dahanu/Wadhwan Port) is expected to commence by December 2023. The project involves development of an all-weather port at Vadhavan, 140 km north of Mumbai in Maharashtra. The port will be developed as a landlord port. A special purpose vehicle will be formed by the Jawaharlal Nehru Port Trust as the lead partner with equity participation of 74 per cent and Maharashtra Maritime Board with 26 per cent of equity to implement the project. The capacity and estimated cost of the project are 254 million tonnes per annum including 9.87 million twenty-foot equivalent units and Rs 772.01 million respectively.