JN Port Authority approves dredging and reclamation for Vadhvan Port


The Jawaharlal Nehru Port Authority (JNPA) has approved an ambitious Rs 20,647 crore dredging, offshore reclamation, and shore protection project for Vadhvan Port, set to be completed in two phases under a Hybrid Annuity Model (HAM). The first phase will involve reclaiming 800 hectares of land, with 60% of the contract value paid during the construction period, while the second phase will focus on an additional 400 hectares.

This innovative funding model reduces the port authority's immediate borrowing requirements and aims to make Vadhvan Port India’s largest public port, with a capacity of handling 298 million tonnes of cargo annually. The PPP model, a departure from the traditional EPC approach, is designed to attract private sector participation while maintaining cost-efficiency over the long term.

Related Stories

TIL to Invest Rs.20,000 Crore in Maharashtra’s Vadhvan Port

JNPA and TIL Partner to Build World-Class Port Infrastructure

JNPA Sets Qualification Norms for Vadhvan Port Project Bids

The JNPA board approved the project on November 14.

J N Port Authority Clears Dredging Work

Major approval boosts Vadhvan Port development