The union
cabinet chaired by prime minister Narendra Modi on Wednesday (June 19, 2024)
has approved setting up a major port at Vadhavan near Dahanu in Palghar
District, Maharashtra.
The all-weather Greenfield deep draft major port will be
constructed by the Vadhavan Port Project (VPPL), an SPV formed by Jawaharlal
Nehru Port Authority (JNPA) and Maharashtra Maritime Board (MMB) with a
shareholding of 74 and 26 percent respectively.
The total project
cost, including the land acquisition component is ₹76,220 crore. This will
include the development of core infrastructure, terminals and other commercial
infrastructure in public-private partnerships (PPP) mode.
Jawaharlal
Nehru Port Authority chairman Unmesh Sharad Wagh, in a separate press meet on
Thursday (June 20, 2024) informed that the JNPA Vadhvan Port will have its
first of two phases completed in 2029 and see
the first vessel berthing by December 2029.