VADHAVAN PORT PROJECT
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Picture Courtesy: https://www.business-standard.com/economy/news/rs-76-000-cr-vadhavan-port-project-in-maharashtra-gets-cabinet-approval-124061901136_1.html
Context: The Union Cabinet, led by the Prime Minister, implemented key infrastructure and energy plans to improve economic growth and sustainability in India.
Vadhavan Port Project in Maharashtra
- Jointly developed by Jawaharlal Nehru Port Authority (JNPA) (74%) and Maharashtra Maritime Board (MMB) (26%) through Vadhavan Port Project Limited (VPPL)
- Objectives and Scope:
- Gateway Port: Strategic location as a gateway for the India-Middle East-Europe Corridor (IMEC) and International North-South Transportation Corridor (INSTC)
- Infrastructure: All-weather greenfield deep draft major port with world-class maritime terminal facilities
- PPP Model: Development of core infrastructure, terminals, and commercial facilities under Public-Private Partnership (PPP)
- Connectivity:
- Road and Rail Linkage: Approval for road connectivity to national highways by the Ministry of Road Transport & Highways, and rail linkage to existing network and Dedicated Rail Freight Corridor by the Ministry of Railways
- Environmental Considerations: Addressing environmental concerns and local community issues, with initiatives to mitigate potential impacts and ensure sustainable development.
- Economic Impact: Expected to create significant employment opportunities and enhance economic progress in the region, positioning Vadhavan Port among the top 10 ports globally upon completion.
Must Read Articles:
India-Middle East-Europe Corridor (IMEC)
International North-South Transportation Corridor (INSTC)
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PRACTICE QUESTION Q. Where is Vadhavan Port, frequently seen in the news, located? A) Gujarat B) Maharashtra C) Tamil Nadu D) Kerala Answer: B |