HomePOPULARUnion Cabinet Approves Construction of Major Port at Wadhavan, Maharashtra

Union Cabinet Approves Construction of Major Port at Wadhavan, Maharashtra

The Union Cabinet chaired by Prime Minister Shri Narendra Modi today approved the construction of a major port at Wadhavan near Dahanu in Maharashtra. The project will be developed by Vadhavan Port Project Limited (VPPL), an SPV formed by Jawaharlal Nehru Port Authority (JNPA) and Maharashtra Maritime Board (MMB) holding 74% and 26% stake respectively. Wadhavan Port will be developed as a Greenfield deep sea port at Wadhavan in Palghar district, Maharashtra.

The total cost of the project, including Acquer’s acquisition portion, is 76,220 Crore. This will include the development of infrastructure, terminals and other commercial infrastructure in the mode of public-private partnership (PPP). The Cabinet also approved road connectivity between the Port and National Highways by the Ministry of Transport and Highways and rail connectivity with the existing rail network and future rail transport corridors by the Ministry of Railways.

The port will have four multi-purpose berths including nine container terminals of 1,000 meters each, a coastal berth, four liquid cargo berths, a Ro-Ro berth and a Coast Guard berth. The project involves the development of 1,448 hectares of offshore land and the construction of 10.14 km of seawater and container/cargo storage facilities. The project has a capacity of 298 million metric tons (MMT) per year, including approximately 23.2 million TEU (twenty-foot equivalent) of container handling capacity.

The facility created will also facilitate EXIM trade flow through IMEEC (India Middle East European Economic Corridor) and INSTC (International North South Transport Corridor). World-class marine terminal facilities develop Public-Private Partnerships (PPP) and develop efficiency and modern technology to create a modern terminal capable of handling major mega-ships operating on the international shipping route between the Far East and Europe. Middle East, Africa and America. Once completed, Wadhavan Port will be one of the top ten ports in the world.

In line with the objectives of the Prime Minister’s Gati Shakti programme, the project will contribute to further economic activity and create direct and indirect employment opportunities for around 12 million people, thus contributing to the local economy.

Read Now:New Research Reveals Roaring Waves Likely Shape the Shorelines of Saturn’s Moon Titan

[responsivevoice_button buttontext="Listen This Post" voice="Hindi Female"]

LEAVE A REPLY

Please enter your comment!
Please enter your name here

RELATED ARTICLES

Trending News

BHU Registration Process 2024 Begins For Undergraduate Admissions

Banaras Hindu University (BHU) has commenced the registration process for undergraduate programs for the academic session 2024-25. Interested and...

Researchers Propose New Definition for Planets Potentially Reclassifying Celestial Bodies Across the Universe

A recent study published in The Planetary Science Journal proposes a new definition of a "planet" that could challenge...

Study Highlights the Importance of Bowel Movement Frequency for Overall Health

Seattle: Any color of blood in your stool is a reason to see a doctor, as recent research underscores...

Experts Warn About Hidden Dangers of Eyelash Extensions

The popularity of eyelash extensions is undeniable, with many opting for this beauty enhancement to achieve thicker, fuller lashes...