The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its 'in-principle' approval for setting up a Major Port at Vadhavan near Dahanu in Maharashtra.
Vadhavan port will be developed on "land lord model".
A Special Purpose Vehicle (SPV) will be formed to develop the port infrastructure including reclamation, construction of breakwater, besides establishing connectivity to the hinterland. All the business activities would be undertaken under PPP mode by private developers.
Maharashtra has India's largest container port at JNPT which caters to the hinterland of Maharashtra. There is a need for a deep draft port that will accommodate the largest Container Ships in the world and also cater to the spill over traffic from JNPT port. JNPT and Mundra, the two largest container handling ports of the country (for mid size container ships only)