Facts Box: Major Port at Vadhvan, Maharashtra
The Union Cabinet recently approved the proposal to set up major port at Vadhvan in Maharashtra. The GoI has sanctioned Rs 65,545 crores for the project.
The port is being set up to achieve GoI target of developing infrastructure projects of worth 100 lakh crore rupees. The port will handle 16,000 to 25,000 TEUs per day. A Special Purpose Vehicle (SPV) is to be in association with Jawaharlal Nehru Port Trust is to be fromed.
The SPV will establish connectivity, construct breakwater and develop other port infrastructure. Breakwater is an artificial structure constructed to protect the harbor from the effect of waves. It provides safe berthing.
What is special about Vadhvan Port?
The Mundra port and JNPT port are the two largest container handling ports in India. They have drafts of 16 metres and 15 metres respectively. The Vadhvan port has a natural port of 20 metres. This makes it ideal to handle bigger vessels.
Category: Economy & Banking Current Affairs