JNPA Seeks Partners for Vadhavan Port Development
PORTS & SHIPPING

JNPA Seeks Partners for Vadhavan Port Development

The Jawaharlal Nehru Port Authority (JNPA) is set to issue an Expression of Interest (EOI) for dredging and reclamation at Vadhavan Port. This initiative will be executed under the Public-Private Partnership (PPP) model, specifically the Hybrid Annuity Model (HAM).

Vadhavan Port, located on the Maharashtra coast, is a strategic project aimed at enhancing India's maritime infrastructure. The EOI invites private sector participation to contribute expertise and investment, ensuring efficient project execution.

Dredging and reclamation are crucial for developing deep-water ports, facilitating the accommodation of larger vessels. This advancement is expected to boost trade capacity and reduce congestion at existing ports, aligning with the government's vision of expanding India's port infrastructure.

The PPP model is designed to leverage private sector efficiency while minimising financial risks for the government. Through HAM, private partners will share responsibilities for design, construction, and maintenance, supported by government funding over the long term.

The project is anticipated to attract significant interest from domestic and international players, given its potential to transform India's maritime landscape. Enhanced port facilities at Vadhavan will strengthen the country's position in global trade, offering a strategic gateway for imports and exports.

Overall, JNPA's move to float the EOI marks a pivotal step in realising the Vadhavan Port project. It underscores the commitment to modernising infrastructure and fostering economic growth through improved maritime connectivity. This development promises substantial benefits for the shipping industry and the economy.

The Jawaharlal Nehru Port Authority (JNPA) is set to issue an Expression of Interest (EOI) for dredging and reclamation at Vadhavan Port. This initiative will be executed under the Public-Private Partnership (PPP) model, specifically the Hybrid Annuity Model (HAM). Vadhavan Port, located on the Maharashtra coast, is a strategic project aimed at enhancing India's maritime infrastructure. The EOI invites private sector participation to contribute expertise and investment, ensuring efficient project execution. Dredging and reclamation are crucial for developing deep-water ports, facilitating the accommodation of larger vessels. This advancement is expected to boost trade capacity and reduce congestion at existing ports, aligning with the government's vision of expanding India's port infrastructure. The PPP model is designed to leverage private sector efficiency while minimising financial risks for the government. Through HAM, private partners will share responsibilities for design, construction, and maintenance, supported by government funding over the long term. The project is anticipated to attract significant interest from domestic and international players, given its potential to transform India's maritime landscape. Enhanced port facilities at Vadhavan will strengthen the country's position in global trade, offering a strategic gateway for imports and exports. Overall, JNPA's move to float the EOI marks a pivotal step in realising the Vadhavan Port project. It underscores the commitment to modernising infrastructure and fostering economic growth through improved maritime connectivity. This development promises substantial benefits for the shipping industry and the economy.

Next Story
Infrastructure Transport

NHAI to Upgrade Tamil Nadu Highways

To reduce congestion on key national highways in Tamil Nadu, the National Highways Authority of India (NHAI) has planned capacity upgrades for at least eight highway stretches. The improvements will include bypasses, flyovers, and four-laning in Salem, Coimbatore, Tiruppur, Nilgiris, and Cuddalore. NHAI has invited tenders to appoint consultants for preparing detailed project reports (DPRs) on these expansions. The affected highways include NH-181, NH-81, NH-532, NH-85, and NH-136. Proposed Upgrades Across Highways - NH-181 (Coimbatore-Gundlupet Route): This stretch will see four bypasses an..

Next Story
Infrastructure Transport

Ludhiana-Bathinda Highway Revived as NHAI Invites Bids

The Ludhiana-Bathinda highway project, initially stalled due to land acquisition issues, has been revived as the National Highways Authority of India (NHAI) invites fresh bids to resume construction. The project, part of the Ludhiana-Ajmer Economic Corridor, is estimated to cost Rs 24.61 billion and will be executed in two phases. Package 1, covering 30.03 km, has a budget of Rs 9.06 billion, while Package 2, spanning 45.25 km, is set to cost Rs 15.55 billion. The NHAI had previously withdrawn the project due to unavailability of land. However, intervention from Union Minister for Road Trans..

Next Story
Infrastructure Urban

Dilip Buildcon Wins Rs 460M Arbitration

Infrastructure major Dilip Buildcon has secured an arbitration award of Rs 460 million against the National Highways Authority of India (NHAI) over delays and breaches during the execution of a highway project in Karnataka. The dispute pertains to the Rehabilitation and Upgradation of the Kerala Border to Kollegala Section of NH 212, awarded to Dilip Buildcon under an Engineering, Procurement, and Construction (EPC) agreement dated June 6, 2014. The project involved two-lane expansion with paved shoulders and four-lane development under the National Highways Development Project (NHDP) Phase IV..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?