The Jawaharlal Nehru Port
Authority (JNPA) has approved a ₹20,647 crore initiative to develop the Vadhvan
Port in Maharashtra. The project, set to be executed via a PPP hybrid annuity
model, includes extensive dredging, offshore reclamation, and shore protection.
Phase 1 targets 800 hectares of reclaimed land within three years, followed by
400 hectares in Phase 2 over two years. A dynamic payment model will see 60% of
the contract value paid during development and the rest spread over 10 years of
maintenance, ensuring strong cash flow and seamless execution.
