Swiss terminal major TIL to invest Rs 20,000 crore in Vadhavan Port
1 day, 7 hours ago

Swiss terminal major TIL to invest Rs 20,000 crore in Vadhavan Port

New Indian Express  

MUMBAI: The Switzerland-based container terminal major, Terminal Investment Sarl, has agreed to invest Rs 20,000 crore in the upcoming Vadhavan Port northwest of Mumbai. The JNPA has said TIL will invest around Rs 20,000 crore to develop the Vadhavan Port and the surrounding ecosystem, establishing it as a world-class facility. The facility, coming up at Dahanu in the Palghar district, is being developed by Vadhavan Port Project, the special purpose vehicle in which JNPA holds 74 per cent and the Maharashtra Maritime Board owns the remaining 26 per cent. The JNPA said the collaboration will help develop the Vadhavan Port into a world-class port in the future, which will go a long way in decongesting the JNPA.

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Vadhavan Port’s land survey commences
1 week, 1 day ago

Vadhavan Port’s land survey commences

Hindustan Times  

MUMBAI: The process to acquire 574-hectare land to connect the proposed offshore Vadhavan Port, near Dahanu in Palghar district, began on Monday with the National Highways Authority of India, Indian Railways, and district officials visiting the area to measure the area. Vadhavan Port’s land survey commences “The survey will continue until Wednesday, December 18. Following the initial phase of commencement …

JN Port secures Rs 45,000 cr funding from REC for various upcoming projects
3 months, 4 weeks ago

JN Port secures Rs 45,000 cr funding from REC for various upcoming projects

New Indian Express  

MUMBAI: The Maharana public sector non-bank lender REC has signed an agreement with the Jawaharlal Nehru Port Authority to finance up to Rs 45,000 crore for the country’s largest container port’s various upcoming projects, which include the development of the nearby Vadhavan Port. The loan agreement was signed by the port’s chairman Unmesh Sharad Wagh and REC executive director Rahul …

PFC, JICA line up to fund ₹76,220-cr. Vadhavan Port project
6 months ago

PFC, JICA line up to fund ₹76,220-cr. Vadhavan Port project

The Hindu  

Indian and global financial institutions such as Power Finance Corporation, Rural Electrification Corporation and Japan International Cooperation Agency have shown interest to fund the ₹76,220-crore Vadhavan Port project which was approved by the Union Cabinet on Wednesday, Unmesh Wagh, Chairman, Jawaharlal Nehru Port Authority said on Thursday. “Two financial institutions – PFC and JICA – have shown their willingness to …

PM Modi lays Vadhvan Port foundation: Why this Maharashtra project is a big deal for India
6 months ago

PM Modi lays Vadhvan Port foundation: Why this Maharashtra project is a big deal for India

Firstpost  

Prime Minister Narendra Modi called the day a key milestone in India’s development and said Vadhavan would be the country’s largest container port. Here’s why the Rs 76,200-crore project, around 130 kilometres from Mumbai, could be a game-changer for India The port, which will cost Rs 76,200-crore, will be built by Vadhavan Port Project Limited — a special purpose vehicle …

Cabinet clears ₹76,220-crore all-weather port in Maharashtra
6 months ago

Cabinet clears ₹76,220-crore all-weather port in Maharashtra

Hindustan Times  

The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved setting up a major all-weather port at Vadhavan near Dahanu in Maharashtra at an estimated cost of ₹76,220 crore, in a decision aimed at bolstering India’s maritime infrastructure. The project will be constructed by Vadhavan Port Project Limited, a special purpose vehicle formed by Jawaharlal Nehru Port Authority …

Centre Approves Rs 76,200-Crore For Development Of Greenfield Major Port At Vadhavan
6 months ago

Centre Approves Rs 76,200-Crore For Development Of Greenfield Major Port At Vadhavan

ABP News  

New Delhi, Jun 19 The Union Cabinet on Wednesday approved the development of a Rs 76,200-crore all-weather greenfield deep draft major Port at Vadhavan in Maharashtra, according to an official statement. According to the statement, the Cabinet, chaired by Prime Minister Narendra Modi, also approved establishing the road connectivity between the port and national highways by the Ministry of Road …

Cabinet okays ₹76,200-cr port at Vadhavan in Maharashtra, wind projects off Gujarat & TN: Minister Ashwini Vaishnaw
6 months ago

Cabinet okays ₹76,200-cr port at Vadhavan in Maharashtra, wind projects off Gujarat & TN: Minister Ashwini Vaishnaw

Live Mint  

Prime Minister Narendra Modi-led Union Cabinet on June 19 approved the construction of a major port at Vadhavan near Dahanu in Maharashtra's Palghar district at a cost of ₹76,200 crore. The all-weather greenfield deep draft port will be set up by Vadhavan Port Project Limited, a special purpose vehicle formed by Jawaharlal Nehru Port Authority and Maharashtra Maritime Board with …

Andhra Pradesh: Port City Gets Cruise Terminal
1 year, 3 months ago

Andhra Pradesh: Port City Gets Cruise Terminal

Deccan Chronicle  

VISHAKHAPATNAM: Union minister for ports, shipping and waterways Sarbananda Sonowal inaugurated projects worth Rs 333.56 crore in the port city on Monday. The diverse tourist attractions within Visakhapatnam and the surrounding AP region, including beaches, temples, historical sites, cultural attractions and natural beauty make it an ideal location for cruise ships to dock and tourists to explore the city.” A …

'We'll Lose Livelihood, Land': Fisherfolk Oppose Vadhavan Port in a Mumbai Rally
2 years, 1 month ago

'We'll Lose Livelihood, Land': Fisherfolk Oppose Vadhavan Port in a Mumbai Rally

The Quint  

The Union Cabinet had given its in-principle approval to build a major port at Vadhavan in Dahanu taluka in February 2020. India currently has 12 major ports, out of which Maharashtra has two – Mumbai Port and Jawaharlal Nehru Port. The project will be jointly developed by Jawaharlal Nehru Port Trust and Maharashtra Maritime Board with a shareholding of 74% …

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