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Detailed explanation-1: -NEW DELHI: The government on Wednesday approved setting up a new major port at Vadhavan near Dahanu in Maharashtra at a cost of Rs 65, 544.54 crore. The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi.

Detailed explanation-2: -Envisioned as India’s first foreshore port, the project is to be jointly administered by Jawaharlal Nehru Port Trust (JNPT), which has a 74% equity stake, and the Maharashtra Maritime Board, which holds the remaining 26%.

Detailed explanation-3: -New Delhi: The Union Cabinet on Wednesday gave its ‘in-principle’ approval for setting up a major Port at Vadhavan near Dahanu in Maharashtra. The total cost of the project is likely to be ₹ 65, 544.54 crore, a government statement said. Vadhavan port will be developed on “land lord model".

Detailed explanation-4: -Building a sea-port is very variable. It can cost as little as USD 16 million per 300 metres berth up to USD 7 billion for a full commercial port. If you want to know more, please go here.

Detailed explanation-5: -All the business activities would be undertaken under private-public partnership model. The union cabinet had, in February last year, approved the setting up of the country’s 13th major port at Vadhavan at a total cost of Rs65, 544.54 crore with the government holding 51 per cent stake in the project..