The port is to be constructed through a Special Purpose Vehicle (SPV) formed by Jawaharlal Nehru Port Authority and Maharashtra Maritime Board as an all-weather Greenfield deep draft major port.
- Greenfield infrastructure is the infrastructure developed on empty land or previously undeveloped land and a project commissioning, planning and construction process is carried out from the scratch and grassroots level.
About Vadhavan Port
- Project, aligned with objectives of PM Gati Shakti program
- Port is to come up in Palghar District and will be built on a landlord-model and through PPP.
- In Landlord model, port authority acts as a regulatory body as well as landlord and private companies carry out port operations.
- Port is to be constructed in 2 phases with a total capacity of 23.2 million TEUs (Twenty-foot equivalents) of container holding capacity.
- The port is to have a draft of 20 meters allowing handling of mega vessels.
Significance of the Project
- Will aid Export Import (EXIM) trade flow through IMEC (India Middle East Europe Economic Corridor) and INSTC (International North South Transportation Corridor).
- Will reduce Turnaround time of goods with State of art infrastructure and modern technologies.
Ports in India
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