PSUs
Cabinet approves setting up a new major port at Vadhavan in Maharashtra
By IndianMandarins- 06 Feb 2020
1652Union cabinet has given its approval for setting up a major
port at Vadhavan near Dahanu in Maharashtra with a total cost of the project
likely to be Rs 65,544.54 crore. Vadhavan port will be developed on ‘land lord
model’. A Special Purpose Vehicle (SPV) will be formed with
Jawaharlal Nehru Port Trust (JNPT) as the lead partner with equity
participation equal to or more than 50% to implement the project. The SPV will
develop the port infrastructure including reclamation, construction of
breakwater, besides establishing connectivity to the hinterland. All the
business activities would be undertaken under PPP mode by private developers. JN Port is the biggest container port in India and 28th
biggest in the world with a traffic of 5.1 million TEUs. Even after the completion
of 4th terminal at JN Port with a capacity increase upto10 million TEUs by
2023, it will stand as the 17th largest container port in the world. With the
development of Vadhavan port, India will break into the countries with top 10
container ports in the world.
Cabinet approves setting up a new major port at Vadhavan in Maharashtra
By IndianMandarins - 2020-02-06 12:34:00
Union cabinet has given its approval for setting up a major
port at Vadhavan near Dahanu in Maharashtra with a total cost of the project
likely to be Rs 65,544.54 crore. Vadhavan port will be developed on ‘land lord
model’.
A Special Purpose Vehicle (SPV) will be formed with Jawaharlal Nehru Port Trust (JNPT) as the lead partner with equity participation equal to or more than 50% to implement the project. The SPV will develop the port infrastructure including reclamation, construction of breakwater, besides establishing connectivity to the hinterland. All the business activities would be undertaken under PPP mode by private developers.
JN Port is the biggest container port in India and 28th biggest in the world with a traffic of 5.1 million TEUs. Even after the completion of 4th terminal at JN Port with a capacity increase upto10 million TEUs by 2023, it will stand as the 17th largest container port in the world. With the development of Vadhavan port, India will break into the countries with top 10 container ports in the world.
