+
Maharashtra Backs Rs 762.2B Plan for Vadhavan Mega Port
PORTS & SHIPPING

Maharashtra Backs Rs 762.2B Plan for Vadhavan Mega Port

With the aim of enhancing port infrastructure to make import and export processes easier, the Maharashtra government has announced the development of the Vadhavan Port in Dahanu Taluka of Palghar district as a satellite port for the Jawaharlal Nehru Port Authority (JNPA). The Vadhavan Port is planned to become the largest port in India and is said to be strategically important for the economic and industrial development of the country.

The total cost is expected to be Rs 762.2 billion, of which the state government will cover 26 per cent, while the JNPA will cover the remaining 74 per cent. So far, the Maharashtra government has given funding of Rs 30.4 billion to the project through the Maharashtra Maritime Board. The government gave the Maritime Board approval to further procure a loan of Rs 70.94 billion for the project. This push to secure funding likely comes at the behest of Cabinet Minister Nitesh Rane, who has continually made efforts to secure financial support for the project.

With the aim of enhancing port infrastructure to make import and export processes easier, the Maharashtra government has announced the development of the Vadhavan Port in Dahanu Taluka of Palghar district as a satellite port for the Jawaharlal Nehru Port Authority (JNPA). The Vadhavan Port is planned to become the largest port in India and is said to be strategically important for the economic and industrial development of the country. The total cost is expected to be Rs 762.2 billion, of which the state government will cover 26 per cent, while the JNPA will cover the remaining 74 per cent. So far, the Maharashtra government has given funding of Rs 30.4 billion to the project through the Maharashtra Maritime Board. The government gave the Maritime Board approval to further procure a loan of Rs 70.94 billion for the project. This push to secure funding likely comes at the behest of Cabinet Minister Nitesh Rane, who has continually made efforts to secure financial support for the project.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code