Vadhavan Port Secures Rs 57 Bn in Deals for Expansion in Maha
PORTS & SHIPPING

Vadhavan Port Secures Rs 57 Bn in Deals for Expansion in Maha

Vadhavan Port in Maharashtra's Palghar district has signed key agreements worth Rs 57 billion for its proposed facility. The deals, which were finalised in the presence of Union Shipping Minister Sarbananda Sonowal and Minister of State Shantanu Thakur, involve the construction of a dedicated terminal for chemical products and a specialised jetty for liquid cargo.

Set to become India’s 13th largest container port, Vadhavan Port is being developed with an overall investment of Rs 760 billion and will feature nine terminals, two of which will handle liquid and related cargo.

Among the major agreements is a Rs 42 billion investment with Gandhar Refineries to establish a terminal for large-scale cargo, containers, and liquid chemicals. A Rs 10 billion deal was also signed with Saraf Group for a similar terminal, and another Rs 5 billion pact with IMC Group will see the construction of a liquid cargo jetty and storage tanks with a total capacity of 300,000 cubic meters.

Minister Sonowal remarked, “The development of these ports will help realise Vision India@2047. Vadhavan Port will triple the nation’s port handling capacity and bring it into the top 10 ports globally, as envisioned by Prime Minister Narendra Modi.”

The project, which received Cabinet approval in June 2024, is being developed under the landlord model, with terminals built through Public-Private Partnerships (PPP). Once completed, the port is expected to enhance India’s cargo handling capabilities and strengthen its position in global maritime trade.

Vadhavan Port in Maharashtra's Palghar district has signed key agreements worth Rs 57 billion for its proposed facility. The deals, which were finalised in the presence of Union Shipping Minister Sarbananda Sonowal and Minister of State Shantanu Thakur, involve the construction of a dedicated terminal for chemical products and a specialised jetty for liquid cargo. Set to become India’s 13th largest container port, Vadhavan Port is being developed with an overall investment of Rs 760 billion and will feature nine terminals, two of which will handle liquid and related cargo. Among the major agreements is a Rs 42 billion investment with Gandhar Refineries to establish a terminal for large-scale cargo, containers, and liquid chemicals. A Rs 10 billion deal was also signed with Saraf Group for a similar terminal, and another Rs 5 billion pact with IMC Group will see the construction of a liquid cargo jetty and storage tanks with a total capacity of 300,000 cubic meters. Minister Sonowal remarked, “The development of these ports will help realise Vision India@2047. Vadhavan Port will triple the nation’s port handling capacity and bring it into the top 10 ports globally, as envisioned by Prime Minister Narendra Modi.” The project, which received Cabinet approval in June 2024, is being developed under the landlord model, with terminals built through Public-Private Partnerships (PPP). Once completed, the port is expected to enhance India’s cargo handling capabilities and strengthen its position in global maritime trade.

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?