As of March 14, 2025, the Vadhavan Port project in Maharashtra has achieved several significant milestones:

• Dredging Contract Awarded: On March 5, 2025, a joint venture between Jan De Nul and DEME signed a letter of award with ITD Cementation for dredging and reclamation works at Vadhavan Port. The project encompasses nearshore reclamation and shore protection over approximately 200 hectares, facilitating the construction of breakbulk and liquid cargo handling facilities. Construction is slated to commence in the third quarter of 2025, post-monsoon season. jandenul.com
• Foundation Stone Laid: Prime Minister Narendra Modi laid the foundation stone for the Vadhavan Port project on August 30, 2024. This deep-water port, with an estimated cost of ₹76,220 crore, aims to enhance India’s maritime infrastructure by featuring container terminals, multipurpose berths, and improved connectivity to boost trade and industrial development. Economic Times
• Financial Commitments: The Power Finance Corporation (PFC) has pledged ₹21,000 crore towards the Vadhavan Port project. Additionally, the Rural Electrification Corporation (REC) has signed a memorandum of understanding with the Jawaharlal Nehru Port Authority (JNPA) to provide up to ₹45,000 crore for infrastructure development, including Vadhavan Port. Economic Times
• Connectivity Enhancements: Maharashtra’s Chief Minister, Devendra Fadnavis, has directed the development of high-speed connectivity between Vadhavan Port in Palghar district and Nashik in north Maharashtra. This initiative aims to bolster the port’s accessibility and operational efficiency. The Indian Express
• Operational Timeline: The first phase of Vadhavan Port is projected to become operational by 2029, aligning with India’s broader strategy to augment its port infrastructure and capacity. swarajyamag.com

These developments underscore the strategic importance of Vadhavan Port in enhancing India’s maritime trade capabilities and infrastructure.