Cabinet approves development of Rs 76,200-crore greenfield major port at Vadhavan

The Union Cabinet on Wednesday approved the development of a Rs 76,200 crore all-weather greenfield deep draft major Port at Vadhavan in Maharashtra
Cabinet approves development of Rs 76,200-crore greenfield major port at Vadhavan
Cabinet approves development of Rs 76,200-crore greenfield major port at VadhavanImage for representation only

New Delhi: The Union Cabinet on Wednesday approved the development of a Rs 76,200 crore all-weather greenfield deep draft major Port at Vadhavan in Maharashtra, according to an official statement.

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The statement said the project will be constructed by Vadhavan Port Project Limited (VPPL), an SPV formed by Jawaharlal Nehru Port Authority (JNPA) and Maharashtra Maritime Board (MMB), with a shareholding of 74 percent and 26 percent, respectively.

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The port will be one of the top 10 ports in the world, the statement said.

The project will create employment opportunities for 12 lakh people, I&B Minister Ashwini Vaishnaw said in a press briefing.

The port will comprise nine container terminals, each 1,000 metres long, four multipurpose berths, including the coastal berth, four liquid cargo berths, a Ro-Ro berth, and a Coast Guard berth.

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