Vadhvan Port Project Ltd. has issued a tender for nearshore reclamation and shore protection works worth Rs 1,700 crore on engineering, procurement, and construction (EPC) mode for the planned mega port at Vadhvan in Maharashtra. ITD Cementation India Ltd., Navayuga Engineering Co. Ltd., and MAN Infraconstruction Ltd. have all submitted bids.
Unmesh Wagh, Chairman of the Jawaharlal Nehru Port Authority and Chairman and Managing Director of Vadhvan Port Project Ltd., stated, “We have enough competition with three parties applying for the work.”
“I am sure that whoever wins the contract will do a good job because all three bidders have experience in the marine construction industry,” Wagh stated. A division of the Adani Group called Renew Exim DMCC recently purchased ITD Cementation India Ltd.
Built on 1,448 hectares of reclaimed land, the new port is expected to be the largest in India by capacity when it is fully operational and would cost an estimated Rs 76,220 crore. About 200 hectares of this will be built near the coast to support offshore projects like reclamation and breakwater construction.
“This is where all other actions will begin. It will serve as a landing site for next projects, and after all offshore work is over, it will be utilized as a yard for container storage, tank farm construction, railroad line installation, and other purposes, according to Wagh.
To build the Vadhvan Port, Jawaharlal Nehru Port Authority (74% ownership) and Maharashtra Maritime Board (26% equity) created Vadhvan Port Project Ltd.
An investment of Rs 38,976 crore is required for the new deep-water port’s basic infrastructure, which includes dredging, reclamation, coastline protection works, breakwater, approach trestle, rail and road connectivity, land acquisition, and other common utilities. Dredging, offshore reclamation, and shore protection projects totaling an estimated Rs 20,647 crore will be carried out under the public-private partnership (PPP)/Hybrid Annuity Model (HAM). EPC mode will be used to develop the remaining core infrastructure.
Additionally, the private operators of container terminals, multipurpose berths, coastal cargo berths, RO-RO, and liquid berths chosen by Vadhvan Port Project Ltd. will contribute the remaining project cost of Rs 37,244 crore. 298 million tonnes (mt) of cargo, including 23.5 million twenty-foot equivalent units (TEUs), will be able to be handled at Vadhvan Port.
