Vadhvan Port Project Extends Deadline for Expression of Interest to August 23

Maharashtra Maritime Board extends deadline for Expression of Interest for Vadhvan Port Project; PM Modi to attend ground-breaking ceremony

Vadhvan Port ProjectMaharashtra Maritime BoardJawaharlal Nehru Port AuthorityMinistry Of Ports Shipping And WaterwaysNarendra ModiReal Estate MaharashtraAug 21, 2024

Vadhvan Port Project Extends Deadline for Expression of Interest to August 23
Real Estate Maharashtra:Navi Mumbai The Vadhvan Port Project Limited (VPPL), a Special Purpose Vehicle (SPV) formed for implementation of the project with equity from Jawaharlal Nehru Port Authority (JNPA) and Maharashtra Maritime Board (MMB), has extended the deadline to submit the Expression of Interest (EoI) to August 23, 2024.

Earlier, the last date to file the application online was August 20, but now it has been extended due to some technical issues while submitting the applications online.

The EoI has been invited for the development and maintenance of land to be created offshore of Vadhavan Coast by dredging, reclamation and construction of offshore protection bund for the port on public private partnership (HAM and Annuity model).

Prime Minister Narendra Modi will be the chief guest for the ground-breaking ceremony of the project to be held at CIDCO ground in Palghar on August 30. In the wake of this, Palghar District Collector Govind Bodke held a review meeting on August 20 wherein senior officials from the JNPA, collectorate, police department and others were present.

Having a total capacity of 24.5 million TEUs, it will be a competitive port for logistics providing connectivity to Maharashtra, Gujarat and National Capital Region (NCR). With a navigational channel depth of 20m, it will help provide connectivity to the Middle East and Europe connectivity corridor for economic integration.

The port shall be developed on a landlord model with all basic infrastructure such as breakwater, rail & road connectivity, power & water lines, common infrastructure and supporting services. The Cargo/Container Terminals including the cargo handling infrastructure will be developed and operated by the concessionaires to be awarded as per PPP policy of the Ministry of Ports, Shipping and Waterways (MoPSW).

The strategic placement of the Vadhvan Port will facilitate the call of container traffic. The port will bridge international and Indian coasts that will accelerate the economies of scale and mitigate the logistics cost. The total project cost, including the component of land acquisition, is Rs 76,220 Crore. This will include core infrastructure, terminals and other commercials in PPP mode.

The port will have nine container terminals, each of 1,000 meters length; four multipurpose berths; four liquid cargo berths; a Ro-Ro berth; a coastal cargo berth and a Coast Guard berth. The project involves reclamation of 1,448 Ha in offshore areas and construction of 10.14 km of breakwater, container/cargo storage areas.

Information
Maharashtra Maritime Board (MMB) is a statutory body established under the Maharashtra Maritime Board Act, 1984. The Board is responsible for the development and regulation of ports and maritime activities in the state of Maharashtra.

Jawaharlal Nehru Port Authority (JNPA) is a major container handling port in India, located in Navi Mumbai. It is one of the largest container ports in the country and plays a significant role in the country's maritime trade.Ministry of Ports, Shipping and Waterways (MoPSW) is the apex body responsible for the development and regulation of ports, shipping and waterways in India.

Frequently Asked Questions

What is the Vadhvan Port Project?

The Vadhvan Port Project is a port development project located on the west coast of India, in the state of Maharashtra. The project involves the development of a new port with a capacity of 24.5 million TEUs.

Who is the chief guest for the ground-breaking ceremony of the Vadhvan Port Project?

Prime Minister Narendra Modi will be the chief guest for the ground-breaking ceremony of the project.

What is the total project cost of the Vadhvan Port Project?

The total project cost, including the component of land acquisition, is Rs 76,220 Crore.

What is the role of Maharashtra Maritime Board in the Vadhvan Port Project?

Maharashtra Maritime Board is a statutory body established under the Maharashtra Maritime Board Act, 1984. The Board is responsible for the development and regulation of ports and maritime activities in the state of Maharashtra.

What is the expected completion date of the Vadhvan Port Project?

The expected completion date of the project is not specified in the article.

Related News Articles

Mumbai Metro 11 Construction: MMRCL Denies Start of Work
Real Estate Mumbai

Mumbai Metro 11 Construction: MMRCL Denies Start of Work

Mumbai Metro Rail Corporation (MMRCL) denies media reports of starting construction work on Metro 11, citing pending finalization of DPR.

August 19, 2024
Read Article
Wave Group to Launch 9,000 Flats in Wave City, Ghaziabad Amid Strong Housing Demand
real estate news

Wave Group to Launch 9,000 Flats in Wave City, Ghaziabad Amid Strong Housing Demand

Wave Group plans to launch 7 million square feet of premium and affordable housing in Wave City, Ghaziabad, with 8,000-9,000 apartments.

September 20, 2024
Read Article
Oasis Lofts: A Revolutionary Real Estate Opportunity in Dubai Silicon Oasis
Real Estate

Oasis Lofts: A Revolutionary Real Estate Opportunity in Dubai Silicon Oasis

Oasis Lofts promises to be the next big step in real estate development, redefining residential and investment standards in Dubai Silicon Oasis.

January 13, 2025
Read Article
Omaxe to Invest Rs 28 Billion in Real Estate under New Brand BeTogether
Real Estate Maharashtra

Omaxe to Invest Rs 28 Billion in Real Estate under New Brand BeTogether

Solar Scheme Enables 2,448 MMR Consumers to Reach Energy Independence. The surge in household solar installations across Maharashtra has significantly transformed the energy landscape, allowing many residents to achieve energy independence.

January 29, 2025
Read Article
Mahindra Logistics Secures 4.75 Lakh Sqft Warehouse in Pune’s Khed for Rs 730 Crore
Real Estate Pune

Mahindra Logistics Secures 4.75 Lakh Sqft Warehouse in Pune’s Khed for Rs 730 Crore

Mahindra Logistics has leased a massive 4.75 lakh square feet warehouse in Khed, Pune, for Rs 730 crore. This strategic move is part of the company’s expansion plans to strengthen its logistics network in key real estate markets such as Pune and Ahmedabad

February 10, 2025
Read Article
Delhi and Bengaluru Rise in Global Luxury Real Estate Rankings, Mumbai Slips
real estate news

Delhi and Bengaluru Rise in Global Luxury Real Estate Rankings, Mumbai Slips

Delhi and Bengaluru have surged in the global luxury real estate rankings, according to Knight Frank's 2023 Wealth Report. Meanwhile, Mumbai has seen a slight dip in its position.

March 5, 2025
Read Article