+
Vadhavan Port Dredging and Reclamation Draws Major Interest
PORTS & SHIPPING

Vadhavan Port Dredging and Reclamation Draws Major Interest

The dredging and reclamation works for Vadhavan Port, set to be developed under the Public-Private Partnership (PPP) Hybrid Annuity Model (HAM), have attracted significant interest from various stakeholders. This ambitious port project aims to enhance India's maritime infrastructure and boost its capacity for handling large cargo volumes.

The Vadhavan Port project, located in Maharashtra, is a critical infrastructure initiative designed to accommodate the growing demands of international trade and shipping. The dredging and reclamation phase involves substantial excavation and land reclamation to create the necessary depth and space for port operations.

Under the PPP-HAM model, the project will be financed and developed jointly by the public sector and private entities, with the private partner bearing a significant portion of the project cost and the public sector providing land and other support. This model ensures that both parties share the risks and rewards associated with the project.

The interest generated by the dredging and reclamation works indicates strong confidence in the potential of the Vadhavan Port to become a key player in the global shipping industry. It is expected to significantly enhance India's port capacity and improve trade efficiency.

The successful execution of this project will not only strengthen India's port infrastructure but also create numerous job opportunities and stimulate economic growth in the region. The Vadhavan Port is poised to play a vital role in the country's maritime strategy, contributing to its position as a major global shipping hub.

The dredging and reclamation works for Vadhavan Port, set to be developed under the Public-Private Partnership (PPP) Hybrid Annuity Model (HAM), have attracted significant interest from various stakeholders. This ambitious port project aims to enhance India's maritime infrastructure and boost its capacity for handling large cargo volumes. The Vadhavan Port project, located in Maharashtra, is a critical infrastructure initiative designed to accommodate the growing demands of international trade and shipping. The dredging and reclamation phase involves substantial excavation and land reclamation to create the necessary depth and space for port operations. Under the PPP-HAM model, the project will be financed and developed jointly by the public sector and private entities, with the private partner bearing a significant portion of the project cost and the public sector providing land and other support. This model ensures that both parties share the risks and rewards associated with the project. The interest generated by the dredging and reclamation works indicates strong confidence in the potential of the Vadhavan Port to become a key player in the global shipping industry. It is expected to significantly enhance India's port capacity and improve trade efficiency. The successful execution of this project will not only strengthen India's port infrastructure but also create numerous job opportunities and stimulate economic growth in the region. The Vadhavan Port is poised to play a vital role in the country's maritime strategy, contributing to its position as a major global shipping hub.

Next Story
Infrastructure Energy

Bihar Launches Rs 53.4 Billion Green Energy Plan

The Bihar government has taken a major stride towards clean energy with the launch of two new policies and the signing of agreements totalling Rs 53.4 billion. These initiatives aim to generate 2,357 megawatts (MW) of renewable energy through solar, wind, battery storage, and other sustainable technologies.The Bihar Renewable Energy Policy 2025 and the Pump Storage Policy 2025 were officially introduced at an event in Patna. Designed to attract significant investment, the policies seek to position Bihar as a key centre for clean energy projects. Energy Minister Bijendra Prasad Yadav stated tha..

Next Story
Infrastructure Transport

Bids Invited for Rs 62.5 Billion Vizag Metro Project

The long-anticipated Visakhapatnam Metro Project has made significant progress, with the Andhra Pradesh Metro Rail Corporation inviting bids for the first civil contract under Phase 1 of the Vizag Metro. The estimated cost of this contract is Rs 62.5 billion.This engineering, procurement and construction (EPC) contract covers the design and construction of a 46.23 km viaduct spanning three corridors, including a 20.16 km double-decker four-lane flyover cum metro viaduct. The project also comprises 42 elevated metro stations across Visakhapatnam.Recently, SYSTRA Consultancy signed a Memorandum ..

Next Story
Real Estate

Oberoi Realty to Buy Hotel Horizon for Rs 9.19 Billion

A consortium led by Mumbai-listed Oberoi Realty Ltd is set to acquire debt-laden Hotel Horizon Pvt Ltd in Juhu, Mumbai for Rs 9.19 billion (approximately USD 107 million) under a resolution plan approved through India’s Insolvency and Bankruptcy Code (IBC).In a filing to the stock exchange, Oberoi Realty confirmed that the Committee of Creditors of Hotel Horizon had approved the resolution plan, following which a letter of intent was issued. The consortium also includes Shree Naman Developers and JM Financial Properties.As per the resolution plan, the consortium will make a payment of Rs 9.1..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?