According to Chairman Rajiv Jalota, the Mumbai Port Authority intends to build a marina in the sea, departing from its previous land-based public-private partnership (PPP) strategy. The port authority will provide the funding for this new project, which will be carried out using the engineering, procurement, and construction (EPC) methodology. The project is nearing its advanced phases, and the required approvals should be obtained shortly.
The first plan was for the construction of a marina at Princess Dock, wherein private investors would be asked to donate Rs 5.75 billion towards the development of infrastructure to enable the docking of a minimum of 300 yachts and pleasure boats. But following two rounds of losing bids, the administration made the decision to concentrate on the marina beside the sea.
The port’s ability to expand cargo operations is restricted by its urban position, which is why this endeavour is a component of Mumbai’s bigger waterfront regeneration plan. Creating recreational space along the shoreline is in line with the city’s larger plan for urban revitalisation. The port’s land holdings are located in South Mumbai, which is a desirable area with substantial economic potential for the port’s assets.
India has a large amount of coastline—more than 7,500 km—but not many marinas. Mumbai offers a ripe market for this amenity because of the city’s abundance of privately owned recreational boats. Because there isn’t a designated marina nearby, about 200 small boats are parked there at any given time.
Mumbai will be able to compete with other waterfront cities in the globe thanks to the marina, which is predicted to increase tourism and foster the city’s expansion.
Source: Construction World
