In a significant move to boost infrastructure, the Maharashtra government has approved ₹340 crore for the Maharashtra Maritime Board (MMB) to support the ambitious Vadhavan Port project in Dahanu Taluka, Palghar district. The sanctioned amount represents 26% of the project’s total estimated cost of ₹7,622.2 crore, with the remaining 74% to be financed by the Jawaharlal Nehru Port Authority (JNPA).

Touted to be India’s largest port upon completion, Vadhavan will serve as a satellite port to JNPA. The development is being spearheaded by the Vadhavan Port Project, a joint venture between JNPA and MMB.

The funding will be disbursed in phases, and the MMB has also been authorised to raise a loan of ₹700.94 crore to support the execution of the project.