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

Keystone Realtors Raises Rs 800 Crore from Institutional Investors
Real Estate Mumbai

Keystone Realtors Raises Rs 800 Crore from Institutional Investors

Mumbai-based Keystone Realtors has raised Rs 800 crore by selling shares to institutional investors

May 28, 2024
Read Article
Kerala Police Hand Over Mami Missing Case to Crime Branch to Avoid CBI Probe
real estate news

Kerala Police Hand Over Mami Missing Case to Crime Branch to Avoid CBI Probe

The Kerala police have handed over the missing case of Mohammad Attur, a prominent real estate businessman, to the Crime Branch to prevent a CBI investigation.

September 8, 2024
Read Article
Home Sales in Noida and Greater Noida Increase by 6% in Q3 2024
real estate news

Home Sales in Noida and Greater Noida Increase by 6% in Q3 2024

The residential property market in Noida and Greater Noida witnessed a 6% surge in registrations during the July-September quarter, with a total of 8,128 units sold, according to real estate consultant Square Yards.

November 18, 2024
Read Article
Mumbai Real Estate Market Sees Significant Growth in 2024 with 1.41 Lakh Registrations
Real Estate Maharashtra

Mumbai Real Estate Market Sees Significant Growth in 2024 with 1.41 Lakh Registrations

Mumbai's real estate market is on track to register 1,41,302 property registrations in 2024, marking an 11% increase from the previous year. The market is showing resilience and a growing preference for premium and spacious homes.

January 2, 2025
Read Article
2025 Outlook: The Future of Commercial Real Estate in Tier-II and Tier-III Cities
Real Estate

2025 Outlook: The Future of Commercial Real Estate in Tier-II and Tier-III Cities

In 2025, we can expect a significant rise in commercial real estate activity in Tier-II and Tier-III cities across India, driven by factors such as low operating costs, ample space, skilled talent, and infrastructure development.

January 5, 2025
Read Article
Maharashtra's Transport Minister Pratap Sarnaik Invites CREDAI to Develop MSRTC Land
Real Estate

Maharashtra's Transport Minister Pratap Sarnaik Invites CREDAI to Develop MSRTC Land

The Maharashtra Transport Minister, Pratap Sarnaik, has called on the Confederation of Real Estate Developers’ Associations of India (CREDAI) to participate in the development of 1,360 hectares of land owned by the Maharashtra State Road Transport Corpora

January 19, 2025
Read Article