Key Facts about Vadhavan Port

About Vadhavan Port:

• The Vadhavan Port will be developed as an all-weather Greenfield deep draft major port in Vadhavan, Palghar District, Maharashtra.
• The project will be constructed by Vadhavan Port Project Limited (VPPL), a special purpose vehicle (SPV) formed by Jawaharlal Nehru Port Authority (JNPA) and Maharashtra Maritime Board (MMB) with a shareholding of 74% and 26%, respectively. 
• The total project cost, including the land acquisition component, is Rs.76,220 Crore. 
• Scheduled to be finished by 2034, it is projected to be among the top 10 portsin the world.
• The port will comprise nine container terminals, each 1000 meters long, four multipurpose berths, including the coastal berth, four liquid cargo berths, a Ro-Ro berth, and a Coast Guard berth. 
• By 2029, four terminals will be completed and five terminals will be added by 2034.
• The Project will create a cumulative capacity of 298 million metric tons (MMT) per annum, including around 23.2 million TEUs (twenty-foot equivalents) of container handling capacity.
• The capacities created will also aid EXIM trade flow through IMEEC (India Middle East Europe Economic Corridor) and INSTC (International North South Transportation Corridor). 

Q1: What is INSTC (International North South Transportation Corridor)?

It is a multimodal transportation agreement formed with a trilateral agreement between India, Iran and Russia at the Euro-Asian Conference on Transport in 2000. It links the Indian Ocean to the Caspian Sea via the Persian Gulf onwards into Russia and Northern Europe. The corridor encompasses sea, road and rail routes.

News: ‘Vadhavan port will be a game changer for India’