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Maharashtra Maritime Board explores PPP route to build Vadhawan Port

Friday, 03 May 2019
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The Maharashtra Maritime Board (MMB) is looking to build a new private port at Vadhawan in Palghar on the public-private-partnership (PPP) model. MMB is facing delays in getting the Central government approval for the project.

 

The Jawaharlal Nehru Port Trust is ready to implement the new port in accordance with the memorandum of understanding (MoU) signed with the Maharashtra government in June 2015.

However, it is yet to submit the project for environment clearance because the Central government has not approved it. The project requires the Union Cabinet approval for investing in the development of a new major port by the Central government.

The state government had agreed in the MoU that it will be a major port, with JNPT holding 74 percent stake and MMB the balance stake.

 
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