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Greenfield Major Port at Vadhavan
Context:
The Union Cabinet approved the development of Rs 76,200-crore all weather greenfield major port at Vadhavan in Palghar District, Maharashtra.
More on News:
- Cabinet also approved establishing road connectivity between the Port and National Highways by the Ministry of Road Transport & Highways.
- Additionally, the Ministry of Railways will provide rail linkage to the existing rail network and the upcoming Dedicated Rail Freight Corridor.
- The Project involves reclamation of 1,448 hectares of area in the sea and construction of 10.14 km of offshore breakwater and container/cargo storage areas.
Vadhavan Port:
- It will be developed by Vadhavan Port Project Limited (VPPL) and Maharashtra Maritime Board (MMB) with a 74% and 26% shareholding respectively.
- VPPL is an Special Purpose Vehicle (SPV) formed by Jawaharlal Nehru Port Authority (JNPA).
- It will include development of core infrastructure, terminals and other commercial infrastructure in public-private partnerships (PPP) mode.
- The project will be located 130 km from Mumbai and 150 km from Jawaharlal Nehru Port Trust, the country’s largest container port.
- It will create a cumulative capacity of 298 million metric tonnes (MMT) per annum.
- This includes around 23.2 million TEUs (twenty-foot equivalents) of container handling capacity.
- It will comprise nine container terminals, each 1000 metres long, four multipurpose berths, including:
- Coastal berth, four liquid cargo berths, a Ro-Ro berth, and a Coast Guard berth.
- It is to be developed in two phases, first ending in 2030 and second ending in 2039.
Importance of the Project:
- This will aid Export-Import trade flow through IMEEC (India Middle East Europe Economic Corridor) and INSTC (International North South Transportation Corridor)
- The world-class maritime terminal facilities promote PPPs and leverage efficiencies and modern technologies.
- This creates a state-of-the-art terminal capable of handling mainline mega vessels on international shipping lines.
- Aligned with PM Gati Shakti Programme it aims to boost economic activity and local economies
- It is expected to generate employment opportunities for 12 lakh people.
- It will help elevate India’s marine sector to be amongst the top 10 in the world.
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Greenfield infrastructure
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