New Delhi - The Public Private Partnership Appraisal Committee (PPPAC) has cleared the development and maintenance of dredging, offshore reclamation and shore protection works on Public-Private-Partnership (PPP) Hybrid Annuity Mode (HAM) estimated to cost ₹18,998 crore for the new port at Vadhavan in Maharashtra.

The project will be implemented on a payment structure in the ratio of 45:55 whereby 45 per cent of the upfront payment will be made by the authority helming the project and 55 per cent by the PPP operator on a concession period of 15 years, including 5 . . .