What is the estimated cost of the Vadhavan Port project

Solution

•     The Union minister for ports, shipping, and waterways, Sarbananda Sonowal, announced that the Vadhavan Port project in Dahanu, Maharashtra, worth Rs 76,000 crores, is expected to receive approval from the Union Cabinet soon. •     The project, proposed in a public-private partnership mode, aims for an investment of around Rs 38,000 crores from private operators. •     The clearance from the Union environment ministry has been obtained, and the Cabinet is reviewing whether to approve the project in phases or entirely. •     The Vadhavan Port, with a natural draft of about 20 meters, is crucial for handling larger vessels and reducing logistics costs. •     The estimated project cost has increased by Rs 11,000 crores.