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BRICS on the Move
India to Build a Mega Port on International North-South Transport Corridor

Printable version / Version imprimable

EIRNS—The building of a mega port that promises to become the tenth largest in the world has been approved by the government of India’s Prime Minister Narendra Modi. The deep water port will be located at Vadhavan on the country’s western coast. The port will further enhance the effectiveness of the International North South Transport Corridor (INSTC) that traverses Eurasia on a course between St Petersburg, Russia and Mumbai, India. The port would also will serve the India-Middle East-Europe Economic Corridor (IMEC), according to a Cabinet statement release on June 19, as reported by Sputniknews.

Projected to cost some $9.1 billion, the port will include nine 1,000-meter long container terminals; four multipurpose berths; a Ro-Ro berth; and a dedicated berth for the vessels of the Indian Coast Guard. It will have a capacity to handle 298 million metric tons (MMT) annually, including some 23.2 million TEUs (twenty-foot equivalents) of containers. The port will be connected with the national rail and road network, and is expected to provide direct and indirect employment for up to 1.2 million people.

“The project involves the reclamation of 1,448 hectares of area in the sea and the construction of 10.14 km of offshore breakwater and container/cargo storage areas,” the cabinet statement asserts.

Unlike most of India’s ports, the proposed deep water, all-weather port will be able to accommodate mega vessels. It will be built as a Public-Private Partnership by the Vadhavan Port Project Limited (VPPL), a special purpose vehicle (SPV) formed by state-backed Jawaharlal Nehru Port Authority (JNPA) and Maharashtra Maritime Board (MMB). The JNPA will hold majority stakes of 74% in the new project. [dea]