India's proposed Rs 76,000-crore greenfield port at Vadhavan in Palghar, Maharashtra, will have all the 'requisite clearances' in place by mid-January, 2024, as per the Ministry of Ports, Shipping and Waterways (MoPSW). Environmental clearances have already been 'received'. Work on the port is expected to begin next year.
Key Highlights:-
The port will have a natural draft of 20 meters depth at a distance of five kilometers.
3,600 acres of land will be reclaimed for the port.
The port will handle 15 million twenty equivalent unit (TEU) containers in the first phase and 23.2 million TEUs after the commissioning of its second phase.
The Ministry will invest close to Rs 38,000 crore towards setting up of basic infrastructure, while a similar amount will come from private operators interested in operating the proposed deep-draft port.
The project, earlier proposed at Rs 66,000 crore has seen a revision to Rs 76,000 crore considering the changes required to be made for obtaining environmental clearances.
As many as 26 surveys and studies have been conducted through agencies regarding various environmental aspects and impacts of the port.
Public Hearing
A public hearing will be held for dredging 2,000 million cubic meters of sand off the Daman coast to be used for reclaiming the land for the port.
Joint Venture
The port will be constructed as a joint venture (JV) in which Jawaharlal Nehru Port Authority (JNPA) will have 74 percent stake and Maharashtra Maritime Board (MMB) at 26 percent.
News by Rahul Yelligetti