The Jawaharlal Nehru Port Authority (JNPA) has approved an ambitious Rs.206.47 billion 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 hectare, with 60 per cent of the contract value paid during the construction period, while the second phase will focus on an additional 400 hectare. This funding reduces the port authority’s immediate borrowing requirements, with a capacity of handling 298 million tonne (mn t) of cargo annually. The PPP model, a departure from the traditional EPC approach, is designed to attract private sector participation.

Contact: The Jawaharlal Nehru Port Authority

Website: www.jnport.gov.in