+
Mormugao Port To Ink Rs 30 Billion Investment Deals
PORTS & SHIPPING

Mormugao Port To Ink Rs 30 Billion Investment Deals

The Mormugao Port Authority (MPA) in Goa expects to sign around 24 investment agreements worth Rs 30 billion during the upcoming India Maritime Week in Mumbai, the port announced on Wednesday.

MPA Chairman N. Vinodkumar said the port, one of India’s 12 state-run major ports, aims to expand its annual cargo handling capacity to 100 million tonnes by 2035, up from the current 65 million tonnes.

As part of its modernisation plans, the MPA will redevelop Berth No. 9, previously an iron ore mechanical berth, into a 350-metre-long multipurpose berth capable of handling iron ore and general cargo. The earlier mechanical ore handling plant at the site was decommissioned following the mining ban on iron ore.

Vinodkumar noted that once operational, the upgraded berth would accommodate larger vessels, enhancing the port’s efficiency and competitiveness.

Additionally, the port will redevelop another berth to host four domestic cruise vessels simultaneously, up from the current capacity of three ships, which are handled at the breakwater berth.

“We will sign around 24 agreements, most of which have already been finalised, ensuring an investment of nearly Rs 30 billion over the next decade,” Vinodkumar confirmed.

The India Maritime Week, hosted by the Union Ministry of Ports, Shipping and Waterways and organised by the Indian Ports Association, will be held in Mumbai from 27 to 31 October.

The planned investments and capacity expansions form part of MPA’s broader vision to strengthen Goa’s role as a strategic logistics and tourism hub on India’s western coast.

The Mormugao Port Authority (MPA) in Goa expects to sign around 24 investment agreements worth Rs 30 billion during the upcoming India Maritime Week in Mumbai, the port announced on Wednesday. MPA Chairman N. Vinodkumar said the port, one of India’s 12 state-run major ports, aims to expand its annual cargo handling capacity to 100 million tonnes by 2035, up from the current 65 million tonnes. As part of its modernisation plans, the MPA will redevelop Berth No. 9, previously an iron ore mechanical berth, into a 350-metre-long multipurpose berth capable of handling iron ore and general cargo. The earlier mechanical ore handling plant at the site was decommissioned following the mining ban on iron ore. Vinodkumar noted that once operational, the upgraded berth would accommodate larger vessels, enhancing the port’s efficiency and competitiveness. Additionally, the port will redevelop another berth to host four domestic cruise vessels simultaneously, up from the current capacity of three ships, which are handled at the breakwater berth. “We will sign around 24 agreements, most of which have already been finalised, ensuring an investment of nearly Rs 30 billion over the next decade,” Vinodkumar confirmed. The India Maritime Week, hosted by the Union Ministry of Ports, Shipping and Waterways and organised by the Indian Ports Association, will be held in Mumbai from 27 to 31 October. The planned investments and capacity expansions form part of MPA’s broader vision to strengthen Goa’s role as a strategic logistics and tourism hub on India’s western coast.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code