It has been decided that the land reclamation and dredging work for Vadhavan Port will be carried out through a PPP mode at a cost of Rs.17,709 Cr. Other infrastructure works including shore protection works, breakwater, approach trestle, rail and road connectivity and other common utilities involve a cost of Rs.38,976 Cr. Appropriate risk sharing and financial support arrangement will be done between VPPL and concessionaire.
This marks a departure from the earlier plan, wherein it was decided that infrastructure works would be conducted on engineering, procurement and construction (EPC) route funded by Jawaharlal Nehru Port Authority (JNPA) and Maharashtra Maritime Board (MMB).
The remaining project cost of Rs 37,244 crore will have to be shouldered by the private operators of container terminals, multipurpose berths, coastal cargo berths, RO-RO and liquid berths selected by Vadhavan Port Project Ltd (VPPL).
