Work on India’s long-awaited mega deep-water port project at Vadhavan, some 120 miles north of Nhava Sheva Port (JNPA), is ready to take off.
The project was approved by the Indian government in 2020 for development under a public-private partnership (PPP) model at an estimated cost of about US$9 billion. A special purpose vehicle (SPV) formed between JNPA, with a 74% stake, and the Maharashtra Maritime Board, holding the remainder 26% ownership, has the mandate to build and operate the project.