Jawaharlal Nehru Port Authority (JNPA) is planning to
develop this project through a special purpose vehicle (SPV) with the
Maharashtra Maritime Board (MMB).
After this
recommendation, a Coastal Regulation Zone (CRZ) clearance is now awaited from
the Union Ministry of Environment, Forest, and Climate Change. A JNPA statement said the Dahanu Taluka Environment Protection
Authority (DTEPA) has already granted permission for Development of the
Vadhavan Port Project.
The project comes
under the central government since it is being built by JNPA, a Major port. It
will boast an all-weather deep draft facility, aimed at reducing logistics
cost.
Upon final commissioning, the new port is estimated to
cost Rs 73,894 crores. Of this, Rs 16,140 crore will be implemented by the SPV
in constructing basic infrastructure like breakwaters, rail line, yard, and
road connectivity, power and waterline, internal roads, and common amenities.
JNPA currently operates five container terminals, each
leased out to private sector operators. The Port also has a Shallow Water Berth
for general cargo and another Liquid Cargo Terminal which is managed by a
consortium of oil sector public sector companies.