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PM Modi Lays Foundation for ₹76,220 Crore Vadhvan Port in Maharashtra
Prime Minister Narendra Modi has laid the foundation stone for the Vadhvan Port project in Palghar, Maharashtra, with an estimated budget of ₹76,220 crore.
Dr.G.R.Balakrishnan Sep 02 2024 Indian Ports News

PM Modi Lays Foundation for ₹76,220 Crore Vadhvan Port in Maharashtra

This port is poised to become one of India’s largest deep-water ports and is a key component of the Center’s ambitious Sagarmala program, which aims to enhance the country’s logistics infrastructure, particularly in the maritime sector.

 

The Union Cabinet gave the go-ahead for the Vadhvan Port in June, marking one of the first significant decisions of Modi’s third term in office. In a post on X, the government highlighted the significance of the project, stating, “Today, India is set to make history with the launch of its largest deep-water port, Vadhvan, in Palghar, Maharashtra. This project will elevate India’s maritime prowess and significantly boost global trade.”

Strategic Location and Connectivity: Located near Dahanu town in Palghar, about 150 km from Mumbai, Vadhvan Port will be one of India’s largest deep-water ports. It will provide direct access to international shipping routes, reduce transit times and costs, accommodate large container vessels with deeper drafts, and host ultra-large cargo ships.

Investment and Infrastructure: The project’s total cost, including land acquisition, is ₹76,220 crore. This investment covers the development of core infrastructure, terminals, and other commercial facilities through public-private partnerships (PPP).Economic Impact: The port is expected to create substantial employment opportunities, stimulate local businesses, and contribute to the region’s economic growth. The Center estimates that the port will generate up to 12 lakh direct jobs and nearly 1 crore indirect employment opportunities. Global Trade and Corridor Integration: Vadhvan Port will be India’s 13th major port and will play a crucial role in the India-Middle East-Europe Economic Corridor (IMEEC) and the International North-South Transportation Corridor (INSTC). Upon completion, it will rank among the top 10 ports globally, handling 15 million TEUs in its first phase by 2029 and 23.2 million TEUs in the second phase by 2039. Construction and Development: The project includes the reclamation of 1,448 hectares of sea area, the construction of a 10.14 km offshore breakwater, and extensive container/cargo storage facilities. A joint venture will oversee the construction, with the Jawaharlal Nehru Port Authority (JNPA) holding a 74% stake and the Maharashtra Maritime Board 26%. Port Facilities: Vadhvan Port will feature nine container terminals, each 1,000 meters long, four multipurpose berths (including a coastal berth), four liquid cargo berths, a Ro-Ro berth, and a Coast Guard berth and Connectivity Enhancements: To ensure seamless access, the Cabinet has approved the establishment of road links between the port and national highways, as well as rail connectivity to the existing rail network

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