The West Coast of India will be getting a deep sea port that would be developed at a cost of 9.2 billion dollars. The Union Government has given the final nod for the construction of this container port to come up at Vadhavan near Dahanu in Maharashtra.
With a natural depth of about 20 metre close to the coast, the port is said to be able to handle container vessels of 16,000 to 25,000 TEUs capacity. The approval has been given for a ‘landlord model’.
As part of developing the port, a Special Purpose Vehicle (SPV) is to be formed with Jawaharlal Nehru Port Trust (JNPT) as the lead partner with equity participation equal to or more than 50 per cent of the project.
As per the official sources, the Special Purpose Vehicle would develop the infrastructure including reclamation and construction of breakwater. They would also have to establish connectivity to the hinterland. It is also said that all the activities would be done under PPP mode by private developers.
JNPT and Mundra are now the country’s two largest container ports having drafts of 15m and 16m respectively. But the largest containers of today require at least a draft of 18m to 20m.
JN Port is the biggest container Port in the country and with respect to traffic, it is in the 28th position among the ports of the world.