Summary:
- India approved a $101 million marina project in Mumbai Harbor.
- The project will follow a hybrid model with private participation.
- Tenders have been issued, with bids closing on Dec. 29.
THE INDIAN GOVERNMENT approved a plan to develop a marina in Mumbai Harbor at an estimated cost of $101 million. The project will follow a hybrid model, with the Mumbai Port Authority investing $53 million to build the core marina infrastructure on an EPC basis and a private operator developing onshore facilities with $47 million.
The ministry has approved the port authority’s investment and tenders have been issued, with bids due by Dec. 29, according to PTI. The marina, planned over 12 hectares of water, will berth 424 yachts up to 30 meters long.
Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal said the project will develop infrastructure, open the waterfront to the public, attract private investment and create jobs.
Marine infrastructure will include an approach trestle, piled breakwater, service platforms, pontoons and gangways to support yacht operations. The project is expected to generate more than 2,000 jobs in marina operations, cruise services, hospitality and related activities, while enabling private sector participation in coastal infrastructure.
It also aims to improve public access to the waterfront and strengthen Mumbai’s role as a hub for maritime tourism and cruise traffic, PTI reported.
Sonowal added that the project will position Mumbai as a maritime tourism hub and support India’s blue economy goals.
In October, Prime Minister Narendra Modi inaugurated DB Patil Navi Mumbai International Airport, India’s largest greenfield airport.
