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
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?