Terminal Investment Limited Sarl (TIL) has proposed to invest about Rs 200 billion for the development of the Vadhavan Port and the surrounding ecosystem. Switzerland based, TIL has diverse portfolio of container terminals, strategically located at key ports on the world’s major shipping routes, providing access to key mature and developing markets. This collaboration between Jawaharlal Nehru Port Authority and TIL will ensure the integration of cutting-edge technology, sustainable practices, and world-class infrastructure.
The project involves development of an all-weather port at Vadhavan, 140 km north of Mumbai in Maharashtra. It will be developed as a landlord port by Vadhavan Port Project Limited, a joint venture of Jawaharlal Nehru Port Trust as the lead partner with equity participation of 74 per cent and Maharashtra Maritime Board with 26 per cent. It has an estimated cost of Rs 762.2 billion with a capacity of 298 million tonnes per annum including 9.87 million twenty-foot equivalent units.