HomeNewsBusinessHow the Rs 76,220-cr mega port at Maharashtra’s Vadhavan Port will connect the economic zones in the hinterland

How the Rs 76,220-cr mega port at Maharashtra’s Vadhavan Port will connect the economic zones in the hinterland

Vadhavan Port is expected to cater to spillover traffic from JNPT once it hits total utilisation of its expanded capacity of 10 million TEUs. It is expected that the new port will handle around 1 million TEUs of cargo in its first year of operation.

June 20, 2024 / 14:28 IST
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Cargo containers are seen stacked outside the container terminal of JNPT in Mumbai
Cargo containers are seen stacked outside the container terminal of JNPT in Mumbai

The Union cabinet on June 19 gave its sanction to the mega port at Vadhavan in the Palghar district of the Konkan region, nearly four years after the project was first proposed.

The initiative, with a target budget of more than Rs 76,000 crore, was initially given the go-ahead by the cabinet in February 2020 under the Sagarmala programme that seeks to improve the country's logistics with a focus on the maritime sector.

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However, it was in limbo after it became a big flashpoint between the Bharatiya Janata Party (BJP)-led National Democratic Alliance government at the Centre and the Uddhav Thackeray-led Maha Vikas Aghadi government that was in power in Maharashtra.

Need for a new port in Maharashtra and around Mumbai