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Vadhavan Port
In which of the following state, Union Cabinet has given in principle approval for setting up India’s 13th major port?
A |
Tamil Nadu
|
|
B |
Maharashtra
|
|
C |
Karnataka
|
|
D |
Gujarat
|
Your Ans is
Right ans is B
Your Answer Is Correct
Your Answer Is Wrong
Explanation :
- On 5th Februart, 2020, the Union Cabinet approved the setting up of the country’s 13th major port at Vadhavannear Dahanuin Maharashtra at a total cost of Rs 65,544.54 crore.
- The Vadhavan port will be developed on “landlord model” (where infrastructure is leased to private firms or industries and chemical plants).
- A special purpose vehicle (SPV) will be formed, with the government planning to hold 51 percent stake in the project.
- The SPV will develop the port infrastructure including reclamation, construction of breakwater, besides establishing connectivity to the hinterland. All the business activities would be undertaken under the private-public partnership mode.
Impact
- With the development of Vadhavan port, India will break into the countries with top 10 container ports in the world.
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