Reliance Industries Ltd (RIL) and Vadhvan Port Project Ltd (VPPL) signed a Memorandum of Understanding (MoU). The MoU aims to establish a liquid jetty at the upcoming Vadhvan port in Maharashtra.
The Union Minister for Ports, Shipping, and Waterways, Sarbananda Sonowal, signed the agreement. The agreement will see an investment of ₹645 crore.
Investment and Infrastructure Details
The agreement allocates fifty acres for the development of the jetty, following the Public-Private Partnership (PPP) model.
Thehindubusinessline.com reports that the jetty is expected to be operational by 2030.
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