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A ₹20,647 crore project to enhance Vadhvan Port in Maharashtra, with an emphasis on dredging, offshore reclamation, and coast protection, has been authorized by the Jawaharlal Nehru Port Authority (JNPA). The project will be carried out in two stages using a hybrid annuity model (HAM) of public-private partnership (PPP). Phase 1 reclaims 800 hectares over three years, Phase 2 400 hectares in two years, with 60% paid during development and 40% distributed over 10-year maintenance for cash flow.
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