Maharashtra will get another huge port built at a cost of around 9,2 billion dollars at Wadhavan, near Dahanu in Palghar district on the Gujarat border, catapulting India among countries with top 10 container ports in the world, an official said here on Wednesday.
The proposal to create the huge port was cleared at a Union Cabinet meeting chaired by Prime Minister Narendra Modi on Wednesday.
Presently, Jawaharlal Nehru Port Trust (JNPT) is India’s biggest container port. With a traffic of 5.1 million Twenty-foot Equivalent Units (TEUs), it ranks 28th in the world.
After the completion of its fourth terminal, its capacity will increase to 10 million TEUs by 2023, making it the 17th biggest container port in the world.
However, with the development of Wadhavan Port – around 160 km northwest of JNPT – India will be catapulted among the countries with top 10 container ports.
The development of Wadhavan Port will enable call of larger container vessels of 16,000-25,000 TEUs capacity, giving advantages of economies of scale and reducing logistics costs.
Presently, the JNPT caters to the hinterland of Maharashtra, north Karnataka, Telangana and the secondary hinterland of Gujarat, Madhya Pradesh, Rajasthan, Delhi, Punjab and Uttar Pradesh.
The container traffic in the JNPT hinterland is expected to grow up to 10.1 million TEUs by 2022-2025, which will be its saturation point.