The Mumbai Port Authority (MbPA) has taken another step towards developing the Viksit Bharat Mumbai Marina project, estimated at Rs 923 crore, by conducting its first pre-bid meeting. Held at Port Bhavan on October 30, 2026, the meeting witnessed participation from more than 35 representatives belonging to the marine services, infrastructure, shipping, logistics, hospitality, finance and advisory sectors.
The proposed marina will be developed at Victoria Dock under a Design, Build, Finance, Operate and Transfer (DBFOT) model through a 45-year concession. Spread across a protected water area of 37.3 hectares, the facility is planned to accommodate up to 604 yachts upon completion.
Under the project arrangement, MbPA will undertake marine infrastructure works for the initial 424 berths, while the selected private concessionaire will be responsible for developing facilities on the land. These will include a five-star hotel, tourism business centre, sailing school, yacht club, yacht repair yard, dry stack facility and fuel station. The authority has also confirmed that environmental and Coastal Regulation Zone (CRZ) clearances have been secured for the entire project.
The bidding process will be based on the share of gross revenue offered to MbPA, with a minimum payment commitment of 11.50% throughout the concession period. Market-based pricing will determine user charges. The agreement also provides protection against competing yacht marinas within MbPA limits for up to ten years.
Dr M Angamuthu, IAS, Chairperson of Mumbai Port Authority, welcomed the industry’s response, stating that the authority had completed marine works and secured necessary clearances to help investors concentrate on developing a public-facing maritime destination.
MbPA will address pre-bid queries through a corrigendum by November 18, followed by another pre-bid meeting on November 25. The deadline for submitting bids is December 15, 2026, at 3 pm, while technical bids will open on December 18.
The initiative aims to strengthen Mumbai’s marine tourism, sailing and waterfront activities while supporting its broader harbour development plans.
Source: Construction World
