PFC Pledges Rs.210 Bn for Vadhavan Port Development
PORTS & SHIPPING

PFC Pledges Rs.210 Bn for Vadhavan Port Development

Power Finance Corporation (PFC) has pledged Rs.210 billion to fund the Vadhavan Port project in Maharashtra, marking a significant investment in the country's maritime infrastructure. The port, located on the western coast, is poised to become a major hub for cargo handling and bolster India's shipping capabilities.

The Vadhavan Port project is one of the country's largest port development initiatives and is expected to enhance India's trade capacity by reducing congestion at existing ports. PFC's commitment is aimed at supporting the construction and infrastructure development of this strategic port, which will be equipped to handle large container ships and bulk carriers.

The financial backing from PFC underscores the growing importance of infrastructure development in India's economic plans. The Vadhavan Port is expected to serve as a critical link in the country's supply chain, enhancing connectivity and trade routes.

The project has been designed to meet international standards, with a focus on sustainability and efficient cargo management. Once operational, it is expected to boost trade and create significant employment opportunities in the region.

PFC's support aligns with the government's vision to upgrade the nation's port infrastructure and increase maritime trade efficiency. With this major financial infusion, the Vadhavan Port project is on track to becoming a key asset in India's maritime infrastructure, driving economic growth and positioning the country as a global trade hub.

Power Finance Corporation (PFC) has pledged Rs.210 billion to fund the Vadhavan Port project in Maharashtra, marking a significant investment in the country's maritime infrastructure. The port, located on the western coast, is poised to become a major hub for cargo handling and bolster India's shipping capabilities. The Vadhavan Port project is one of the country's largest port development initiatives and is expected to enhance India's trade capacity by reducing congestion at existing ports. PFC's commitment is aimed at supporting the construction and infrastructure development of this strategic port, which will be equipped to handle large container ships and bulk carriers. The financial backing from PFC underscores the growing importance of infrastructure development in India's economic plans. The Vadhavan Port is expected to serve as a critical link in the country's supply chain, enhancing connectivity and trade routes. The project has been designed to meet international standards, with a focus on sustainability and efficient cargo management. Once operational, it is expected to boost trade and create significant employment opportunities in the region. PFC's support aligns with the government's vision to upgrade the nation's port infrastructure and increase maritime trade efficiency. With this major financial infusion, the Vadhavan Port project is on track to becoming a key asset in India's maritime infrastructure, driving economic growth and positioning the country as a global trade hub.

Next Story
Infrastructure Urban

CASE India Launches Project Milaap for Devotee Safety at Kumbh Mela

CASE Construction Equipment, a brand of CNH, launches Project Milaap, a groundbreaking Corporate Social Responsibility (CSR) initiative aimed at ensuring the safety of millions of devotees attending the Kumbh Mela 2025 in Prayagraj. The initiative was officially flagged off in the presence of CSR committee Emre Karazli, VP-Construction Segment, CNH APAC, Shalabh Chaturvedi, Managing Director, CASE India & SAARC, Satendra Tiwari, Executive Director – Operations, Mr. Puneet Vidyarthi, Head of Brand Marketing, APAC along with representatives from the company. With an expected footfall of over ..

Next Story
Infrastructure Energy

CleanMax Announces Financing for Onsite Solar Projects in UAE

CleanMax, one of Asia's leading renewable energy providers for the Commercial and Industrial (C&I) sector and a Brookfield-backed company, announced that it will obtain AED 99 Million (USD 27 Million) long term credit facility from HSBC to develop and finance its onsite solar portfolio in the UAE. The facility will cover 92 onsite solar assets, located on industrial facilities, malls, schools and universities. The financing arrangement also provides an uncommitted accordion of AED 37 Million (USD 10 Million) for development of future projects, in alignment with UAE’s Net Zero 2050 Strategy. ..

Next Story
Infrastructure Urban

Virtusa Foundation’s School Restoration Project Wins UNESCO Award

Virtusa, through the Virtusa Foundation, proudly announces that the restoration of the Byramjee Jeejeebhoy Parsee Charitable Institution (B.J.P.C.I) in Mumbai has been honored with the ‘Award of Merit’ from the UNESCO Asia-Pacific Awards for Cultural Heritage Conservation 2024. This project, which aligns with the Virtusa Foundation’s core pillars of education, empowerment, and environment, highlights Virtusa’s commitment to sustainability and social impact. By supporting restoring this 134-year-old structure, Virtusa has helped preserve a vital piece of history while ensuring the insti..

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