India’s cabinet has approved the construction of a new deep-water port, Vadhavan, on the country’s western coast, around 150 kilometres (93 miles) from Mumbai.
The port is expected to connect India to Europe via a sea and rail corridor across the Middle East.
Improve country’s trade
The project, funded with 762 billion Indian rupees ($9.14 billion), intends to improve the country’s trade infrastructure and economic growth.
It will include terminals for petroleum, autos, and other imports, with an annual capacity of 298 million metric tons.
The port’s strategic location north of Mumbai is crucial since current regional ports have restrictions.
It will be an all-cargo port with nine container terminals, each measuring 3,200 feet long, four multipurpose berths, including a coastal berth, four liquid cargo berths, a Ro-Ro berth, and a Coast Guard berth.
The government intends to regain 1,448 hectares of sea area and build more than six kilometres of offshore breakwaters and cargo storage sites.
This development is expected to greatly boost economic activity and transform India into a strong manufacturing powerhouse and major trading partner worldwide.
The first phase of construction is planned to be completed in 2029.An Australian corporation proposed a port in 1997, but the project never moved forward.
The port will be co-owned by the port authority and the Maharashtra Maritime Board, demonstrating a collaborative approach to infrastructure development.
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Source: Marine Insight
