HomeNewsBusinessCompaniesMumbai Port plans Rs 225 cr cruise terminal on PPP model

Mumbai Port plans Rs 225 cr cruise terminal on PPP model

The Mumbai Port, one of the oldest in the country, will be investing Rs 225 crore to build a modern passenger terminal that can cater to cruise ships.

October 29, 2016 / 10:09 IST
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The Mumbai Port, one of the oldest in the country, will be investing Rs 225 crore to build a modern passenger terminal that can cater to cruise ships.

"We have identified cruise shipping as a focus area, which can help the city as well. We will soon be floating tenders for a passenger terminal which will be built on a PPP model," Mumbai Port Trust chairman Sanjay Bhatia said.

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Cost of the project is Rs 225 crore, he said, adding that earlier estimate was Rs 130 crore.

Work on the terminal, which will resemble an airport and have the capacity to handle thousands of passengers disembarking from a single ship, will be over in next two years, he said.