Vadhavan Port Private Limited on has awarded the engineering, procurement, and construction (EPC) contract to ITD Cementation India for the construction of near-shore reclamation and shore protection for the upcoming greenfield Vadhavan Port. The company had quoted a price of Rs 16.48 billion (excluding goods and services tax (GST), which was 6.9 per cent lower than the estimated cost of Rs 17.7 billion (excluding GST).
The awarded package encompasses the development of about 200 hectares of land in the near shore area, an important component for initiating other key packages of the greenfield port project, including loading points and essential infrastructure.
Situated in Palghar district, near Dahanu in Maharashtra, Vadhavan Port is being developed under a landlord model with terminals built through a public-private partnership. The project received cabinet approval on June 19, 2024, and will be constructed in two phases.