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Centre looks to hit throttle on Rs 76,000 crore Vadhavan Port project

Inter-ministerial consultations on, proposal may get go-ahead soon

Adani Columbia port
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Dhruvaksh Saha New Delhi

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The Union ministry of ports, shipping and waterways is working to expedite planning, consultations and approvals for its ambitious Vadhavan Port project in Palghar, Maharashtra, after it had been stuck over environmental concerns for over two years.

A detailed project report (DPR) has been prepared for the public-private partnership (PPP) project, which pegs its cost at about Rs 76,000 crore.

This is a Rs 11,000-crore increase from 2020 when the project had first received an in-principle approval from the Union Cabinet.

According to officials, the Centre will seek an investment of close to Rs 38,000 crore from private operators interested