The dredging and reclamation works worth Rs 177.09 billion under the Vadhavan Port project are likely to be implemented in public-private partnership (PPP) mode.
Besides, the basic infrastructure under the project such as shore protection works, breakwater, approach trestle, rail and road connectivity, land acquisition and other common utilities worth Rs 212.67 billion is expected to be undertaken through engineering, procurement and construction mode.
Funds worth Rs 372.44 billion for construction of container terminals, multipurpose berths, coastal cargo berths, roll-on-roll-off (ro-ro) and liquid berths under the project will be invested by the private operators selected by the special purpose vehicle, Vadhavan Port Project Limited (VPPL).
The project involves development of an all-weather port at Vadhavan, 140 km north to Mumbai in Maharashtra. It will be developed as a landlord port by VPPL, a joint venture of Jawaharlal Nehru Port Trust (JNPT) as the lead partner with equity participation of 74 per cent and Maharashtra Maritime Board with 26 per cent at an estimated cost of Rs 762.2 billion with a capacity of 298 million tonnes per annum (mtpa) including 9.87 million twenty-foot equivalent units. It 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.