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The Union government has approved a proposal to develop a world-class marina at Mumbai Harbour with an estimated investment of INR 887 crore, aimed at boosting maritime tourism and waterfront development. The project will be executed through a hybrid development model, combining public funding for core marine infrastructure with private sector investment in onshore facilities. Spread across nearly 12 hectares of water area, the marina will be designed to berth over 400 yachts. The development is expected to generate more than 2,000 jobs across marina operations, hospitality and cruise services, while enhancing public access to the waterfront and strengthening Mumbai's position in India's blue economy framework.
The Union government has approved plans for the development of a world-class marina at Mumbai Harbour, with the total project cost estimated at INR 887 crore. The initiative will be implemented through a hybrid development model involving both public and private participation. Advertisement
Under the approved structure, the Mumbai Port Authority will invest around INR 470 crore to develop the core marina infrastructure on an engineering, procurement and construction basis. A private operator will undertake the development of onshore facilities, with an estimated investment of about INR 417 crore. Approval has been granted for the port authority's investment, and tenders have already been floated, with the bidding process scheduled to conclude later this month.
Planned across nearly 12 hectares of water area, the marina will have the capacity to berth 424 yachts, accommodating vessels of up to 30 metres in length. The marine infrastructure will include an approach trestle, piled breakwater, service platforms, pontoons and gangways to ensure safe and efficient yacht operations.
The project is expected to create more than 2,000 employment opportunities across marina management, cruise services, hospitality and allied sectors. In addition to facilitating private investment in coastal infrastructure, the development aims to improve public access to the waterfront and reinforce Mumbai's role as a key maritime tourism and cruise destination.
Source - PTI
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