Indian Government Approves Huge Port Development Near Mumbai

A long-anticipated mega port has received approval from New Delhi. The massive Vadhavan port, situated approximately 125 km north of Mumbai on India's west coast, has been under discussion for over a decade. However, it has finally been greenlit by the Narendra Modi administration, which has approved the substantial $9.1 billion project.

The first phase of construction is scheduled for completion by 2029. The port will be developed through a joint venture between the Jawaharlal Nehru Port Authority, which will hold a 74% stake, and the Maharashtra Maritime Board.

The port will feature nine container terminals, each one kilometer in length, four multipurpose berths, four liquid cargo berths, a roll-on/roll-off (roro) berth, and a coast guard berth.

Once operational, the port will boast a capacity of 298 million tonnes per annum, including a container handling capacity of 23.2 million twenty-foot equivalent units (TEU).