The Vadhan Port project is worth Rs 76,000 crore and will change the landscape of Maharashtra.
Prime Minister Narendra Modi today inaugurated and laid the foundation stone of several projects in Mumbai and Palghar. PM Modi also laid the foundation stone of the Vadhan Port project, which costs around Rs 76,000 crore. The main objective of its construction is to establish a world-class sea gateway. Its construction will boost the commercial and economic development of the country. Vadhan Port will increase India’s maritime connectivity. It will provide direct connectivity to international shipping routes, thereby reducing transit time and costs. Let us also tell you how this project will change the face of Maharashtra.
Objective of this project
Vadhavan Port is being constructed near Dahanu town in Palghar district of Maharashtra. The main objective of constructing this port is to establish a world-class maritime gateway. After the construction of this port, the country will see a surge in business and economic growth. The special thing is that Vadhavan Port will be the 13th port in the country. While the first one will be an offshore port. Its most important feature will be that no effect of weather will be seen in this port. This port will always be open to suit all weather conditions. On the other hand, Vadhavan Port will be one of the largest ports located in deep waters. The draft of this port will be more than 80 meters, so movement of large containers will be possible with ease.
Maritime connectivity will increase
After the construction of this port, the maritime connectivity of the country will increase. The special thing is that there will be connectivity to international sea routes from this port. Due to which there will be a reduction in both transit time and cost. Advanced technology and infrastructure will be seen in this port. This will include deep berths, efficient cargo handling facilities, and an advanced port management system. Once the port is ready, it will be one of the top 10 container ports in the world. The construction of Vadhan Port will be completed in two phases. The construction of the first phase will be completed by 2029 and the second phase is expected to take till 2039 to complete.
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There will be a rain of jobs
With the construction of this port, thousands of people will get direct and indirect employment. After the construction of this port, local businesses will benefit immensely. Apart from this, not only the surrounding area but also the economy of the entire Maharashtra is expected to benefit immensely. In this port project, efforts have been made to reduce the environmental impact and follow strict eco-friendly standards. After the opening of this port, it will help establish India as a global business hub.
Who is building this port?
Vadhavan Port is being developed by an organisation formed by Jawaharlal Nehru Port Authority and Maharashtra Maritime Board. The name of this organisation has been retained as Vadhavan Port Project Limited. Jawaharlal Nehru Port Authority holds 74 per cent stake in Vadhavan Port Project Limited and Maharashtra Maritime Board holds 26 per cent stake. This port is being prepared as a PPP project. The capacity of this port will be 15 million TEU.
