The Indian government has approved plans to build a new 20 million TEU container port, according to national media.
Widespread reports say plans to build the proposed Vadhaven Port on India’s west coast were given the go-ahead on 5 February 2020 at a cabinet meeting chaired by Prime Minister Narendra Modi.
The proposed port is believed to cost approximately $9.2 billion (INR655.45 billion) and will be built on a so-called ‘landlord model’, where infrastructure is leased to private firms or industries.
The deep-sea port will be built at Dahanu, 140 kilometers north of Mumbai. The objective is to increase India’s capacity to handle the biggest container ships in the world and support its maritime infrastructure.
Once completed, the Vadhaven Port will automatically become one of the ten busiest container ports in the world. On current traffic it would overtake Hong Kong in seventh and be only just behind Busan, South Korea.