Mumbai Port plans Rs 225-cr cruise terminal on PPP model

Image
Press Trust of India Mumbai
Last Updated : Oct 28 2016 | 8:42 PM IST
The Mumbai Port, one of the oldest in the country, will be investing Rs 225 crore to build a modern passenger terminal that can cater to cruise ships.
"We have identified cruise shipping as a focus area, which can help the city as well. We will soon be floating tenders for a passenger terminal which will be built on a PPP model," Mumbai Port Trust chairman Sanjay Bhatia said.
Cost of the project is Rs 225 crore, he said, adding that earlier estimate was Rs 130 crore.
Work on the terminal, which will resemble an airport and have the capacity to handle thousands of passengers disembarking from a single ship, will be over in next two years, he said.
The Port Trust, which would welcome its first big cruise ship tomorrow, has dedicated a berth to such ships and expects to get 59 ships by next May, Bhatia said, adding this will go up to 100 in the season after it and to 150 the year later.
Every ship will bring at least 2,000 passengers, which will support the local economy, he said.
'Genting Dream', on her maiden voyage from Germany, will be calling on Mumbai port tomorrow. Bhatia also said that the port has reached an agreement with Costa Ships for a long term use of facilities.
"They will be making Mumbai the base from which cruise vacations will be starting and ending and the partnership is long-term," Bhatia said.
Till the new terminal gets ready, the port will use the existing facilities, Bhatia said, stressing that certain facilities have been upgraded.
The port is also giving a slew of incentives to cruise operators. These include doing away with hosting charges, concession in cruise charges and standard operating protocols for customs and immigration checks.
The port is also looking to tap the domestic opportunity, Bhatia said, informing that a committee of chairmen of ports on the Western coast has been formed under his chairmanship by the Union Shipping Ministry for this purpose.
The port has appointed a global consultant to study domestic cruise tourism and ways to popularise it, he said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 28 2016 | 8:42 PM IST

Next Story