JNPA Approves ₹20,647 Cr Vadhvan Port Development in Maharashtra

The Jawaharlal Nehru Port Authority (JNPA) has approved a ₹20,647 crore project to develop Vadhvan Port, Maharashtra, focusing on dredging, offshore reclamation, and shore protection. The project, under a public-private partnership (PPP) hybrid annuity model (HAM), will be executed in two phases.

Phase 1 involves reclaiming 800 hectares of land over three years, while Phase 2 will reclaim an additional 400 hectares in two years. A phased payment structure ensures 60% of the contract value is paid during development, with the remaining 40% distributed over a 10-year maintenance period to enhance cash flow.