Mumbai Port Authority to develop marina at sea on EPC model; Jalota
PORTS & SHIPPING

Mumbai Port Authority to develop marina at sea on EPC model; Jalota

The Mumbai Port Authority plans to develop a marina in the sea, moving away from its earlier land-based public-private partnership (PPP) model, according to Chairman Rajiv Jalota. This new initiative will be funded by the port authority itself and executed under the engineering, procurement, and construction (EPC) model. The project is in its advanced stages, with necessary clearances expected soon.

The original plan aimed to build the marina at Princess Dock, where private investors were invited to contribute Rs 5.75 billion to develop facilities for docking at least 300 pleasure boats and yachts. However, after two rounds of unsuccessful bids, the authority decided to shift its focus to the sea-based marina.

This initiative is part of Mumbai’s larger waterfront regeneration plan, as the port faces limitations in expanding cargo operations due to its urban location. Developing leisure activities on the waterfront aligns with the city's broader vision for urban revitalisation. South Mumbai, home to the port's land holdings, is a prime location, with significant economic potential for the port’s assets.

With more than 7,500 km of coastline, India has a limited number of marinas. Mumbai, with its large number of privately owned leisure boats, presents a ripe market for this facility. Currently, around 200 small boats are moored near the Gateway of India at any given time due to the absence of a designated marina.

The marina is expected to boost tourism and support the city’s growth, offering world-class services to align Mumbai with global waterfront cities. (ET)

The Mumbai Port Authority plans to develop a marina in the sea, moving away from its earlier land-based public-private partnership (PPP) model, according to Chairman Rajiv Jalota. This new initiative will be funded by the port authority itself and executed under the engineering, procurement, and construction (EPC) model. The project is in its advanced stages, with necessary clearances expected soon. The original plan aimed to build the marina at Princess Dock, where private investors were invited to contribute Rs 5.75 billion to develop facilities for docking at least 300 pleasure boats and yachts. However, after two rounds of unsuccessful bids, the authority decided to shift its focus to the sea-based marina. This initiative is part of Mumbai’s larger waterfront regeneration plan, as the port faces limitations in expanding cargo operations due to its urban location. Developing leisure activities on the waterfront aligns with the city's broader vision for urban revitalisation. South Mumbai, home to the port's land holdings, is a prime location, with significant economic potential for the port’s assets. With more than 7,500 km of coastline, India has a limited number of marinas. Mumbai, with its large number of privately owned leisure boats, presents a ripe market for this facility. Currently, around 200 small boats are moored near the Gateway of India at any given time due to the absence of a designated marina. The marina is expected to boost tourism and support the city’s growth, offering world-class services to align Mumbai with global waterfront cities. (ET)

Next Story
Real Estate

ED Attaches Properties Worth Rs.56.86 Crore in Krrish Realtech Fraud Case

The Directorate of Enforcement (ED) in Gurugram has provisionally attached properties valued at Rs.568.6 million belonging to M/s Krrish Realtech Pvt. Ltd., Amit Katyal, and others. The action, conducted under the Prevention of Money Laundering Act (PMLA) of 2002, follows allegations of illegal diversion of funds collected from plot buyers. The ED claims that Krrish Realtech accepted payments from buyers without possessing a valid license from the Department of Town and Country Planning (DTCP). The ED conducted search operations at two premises, leading to the recovery of ?35 lakh in cash and..

Next Story
Infrastructure Transport

Centre approves 50 National Highway projects for Manipur

The Ministry of Road Transport and Highways has approved 50 National Highway projects in Manipur, covering a total length of 1,026 kilometers. Of these, 44 projects—spanning 902 kilometers—are dedicated to the state’s hilly areas, reflecting the government’s commitment to improving infrastructure in difficult terrains. As part of the initiative, eight projects to totalling 125 kilometers have already been completed in the hills. Currently, 36 more projects are underway, with a budget of Rs 120 billion allocated for the remaining 777 kilometers. These efforts aim to enhance connectivit..

Next Story
Infrastructure Transport

NHAI plans 4-lane road to cut travel time from Baddi to PGI

The National Highways Authority of India (NHAI) is preparing to build a four-lane road from Majri Chowk in Mullanpur to Baddi via Siswan, aiming to reduce travel time for residents of Himachal Pradesh visiting PGIMER in Chandigarh. The proposed 18-kilometer stretch will form part of a larger ring road encircling Chandigarh, which is intended to ease traffic congestion in the region. Currently, commuters traveling from Baddi to New Chandigarh must navigate a single-lane route to reach the PGIMER. The project is awaiting forest clearance from the Punjab Government before work can commence. Dur..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000