The centre has approved development of 'a world-class' Marina in Mumbai Harbour at an estimated cost of Rs 887 crore. An official statement said the project will be implemented through a hybrid development model, under which the Mumbai Port Authority will invest about 2470 crore to construct the core marina infrastructure.

The private operator will develop onshore facilities with an estimated investment of Rs 417 crore."Tenders have been floated, with bids scheduled to close on Dec. 29, 2025," the statement added.

Speaking on the occasion, Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal said, "The project will create world-class infrastructure, open the waterfront for public use, encourage private investment and generate new employment opportunities."

Planned over nearly 12 hectares of water area, the marina will have the capacity to berth 424 yachts of up to 30 metres in length. Marine infrastructure will include an approach trestle, piled breakwater, service platforms, pontoons and gangways designed to support safe and efficient yacht operations.

Onshore facilities to be developed by the private operator will include a marina terminal building, a Namo Bharat International Sailing School, a maritime tourism development centre, hotel and clubhouse facilities, a skill development centre, and yacht stacking and repair infrastructure.

Source: ET Infra. Com 

#theshippingtribune #latestnews #shippingnews #dailynews #Maritimenews #shippingindustry #news #media #newsupdate #maritime #shippingnewsworldwide