INFRASTRUCTURE
Rs 76,200-cr Vadhavan port gets Cabinet nod, to be among world’s top-10 ports
- IBJ Bureau
- Jun 20, 2024
The Union Cabinet on Wednesday approved the development of a Rs 76,200-crore, all-weather, greenfield, deep-draft major port in Vadhavan in Maharashtra, according to an official statement.
The statement said that the project would be constructed by Vadhavan Port Project (VPPL) – a special-purpose vehicle formed by Jawaharlal Nehru Port Authority (JNPA) and Maharashtra Maritime Board (MMB) with a shareholding of 74 and 26 per cent respectively.
The port, which will come up in Vadhavan near Dahanu in Maharashtra’s Palghar district, will be one of the top-10 ports in the world, the statement adds.
It will be a major port with a natural draft (depth in harbour) of 20 metres. Currently, none of the major ports in the country has such a draft, which limits the berthing of mega shipping vessels. Jawaharlal Nehru Port, so far the largest container-handling port in India, has a draft of 15.5 metres.
The port will handle 23.2 million twenty-foot-equivalent units (teus) a year. A teu is a standard unit of measurement to determine container capacity, referring to a shipping container that is 20 feet long, 8 feet wide and 8 feet tall.
The port will comprise nine container terminals, each 1,000 metres long, four multipurpose berths, including the coastal berth, four liquid cargo berths, a Ro-Ro berth and a Coast Guard berth.
The project will create employment opportunities for 12 lakh people, I&B Minister Ashwini Vaishnaw said at a press briefing.
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