Vadhvan Port Project Begins Bidding Process for Construction Works
The Vadhvan Port Project, a joint venture between the Jawaharlal Nehru Port Authority (JNPA) and the Maharashtra Maritime Board, has taken a significant step towards the realization of a new deep-water port in Maharashtra’s Palghar district. The project has now initiated the bidding process for near-shore reclamation and shore protection works, which are essential for the construction of the port.
Key Details of the Project
The contract for the near-shore works of the Vadhvan Port is estimated to be worth Rs 17 billion. Once completed, the port will span a vast area of 1,448 hectares. The total cost of the project is expected to be around Rs 762.20 billion, making it a significant investment in the infrastructure development of the region.
Initial Steps and Reclaimed Land
Unmesh Wagh, Chairman of JNPA, stated that the first phase of the project involves reclaiming around 200 hectares of land near the shore. This land will serve as a starting point for key offshore activities such as breakwater construction and further reclamation. Once these initial works are completed, the reclaimed land will be utilized for container storage, tank farms, and railway lines, forming the foundation for future operations.
Investments and Partnerships
The Vadhvan Port Project involves significant investments in essential infrastructure and facilities. A sum of Rs 389.76 billion will be invested in dredging, reclamation, shore protection, and connectivity through rail and road networks. To facilitate the progress of the project, public-private partnerships (PPP) or the Hybrid Annuity Model (HAM) will be employed for dredging, offshore reclamation, and shore protection works worth Rs 206.47 billion. The remaining infrastructure will be developed using the engineering, procurement, and construction (EPC) approach.
With the aim to enhance operations and services, private entities are also expected to invest Rs 372.44 billion in dedicated terminals for containers, coastal cargo, roll-on/roll-off (RO-RO) facilities, and liquid berths. This highlights the growth potential of the port and its potential impact on trade and commerce in the region.
Outlook for Vadhvan Port
The progress demonstrated by the Vadhvan Port Project through the initiation of the bidding process for critical works showcases the commitment to creating an advanced deep-water port. Once completed, the port will boost economic development both regionally and nationally, serving as a vital transport and logistics hub. Its strategic location near Dahanu and excellent connectivity through rail and road networks paint a promising picture for the project’s success.
The construction of the Vadhvan Port holds the potential to attract investments, facilitate trade, and generate job opportunities. As the project moves forward and key milestones are achieved, it will be crucial to keep an eye on the developments, partnerships, and investments that shape its future. All eyes are now set on the progress of the bidding process and subsequent steps towards the realization of this mammoth infrastructure project.
