On Wednesday, June 19, the Union Cabinet approved the development of a ₹76,200 crore all-weather greenfield deep-draft port at Vadhavan in Maharashtra a project set to become one of India’s largest ports and rank among the top 10 globally.The port will be developed by Vadhavan Port Project Limited (VPPL), a special purpose vehicle jointly formed by the Jawaharlal Nehru Port Authority (JNPA) and the Maharashtra Maritime Board (MMB), holding 74% and 26% stakes respectively.The massive infrastructure plan includes land acquisition, core infrastructure, and commercial terminals to be developed under the public-private partnership (PPP) model. Once complete, the port is expected to handle 298 million
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