Mumbai Port Authority (MbPA) has invited domestic and international investors to develop Marina at Victoria Dock. The project is worth an estimated 922.67 INR-Crore. The Mumbai Marina is envisaged as a new hub for yacht berthing, sailing, marine tourism and waterfront hospitality in the city’s historic harbor.
The Viksit Bharat Mumbai Marina will be developed under a Design, Build, Finance, Operate and Transfer (DBFOT) model. It will also have a 45-year concession. Additionally, the project will cover a protected water area of 37.3 Hectares (Ha) along with 424 berths in Phase I. The marina will have a capacity for 604 yachts at full build-out.
Also Read: Upcoming Mixed-Use Development – Valor L&T Conrad, BKC, Mumbai
The authority has obtained environmental and Coastal Regulation Zone clearances for the entire project area. The Mumbai marina will include planned amenities such as a marina terminal building, an international-standard sailing school, yacht club, and yacht repair yard at Haji Bunder. Moreover, it will involve dry stack storage, a fuel station, a five-star hotel, a tourism business center, and retail zones. Further amenities comprise a ground for boat shows, events, and food and beverage outlets.
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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
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