Mumbai, Oct. 21 -- Mumbai Port Authority has invited domestic and international bids for developing the Viksit Bharat Mumbai Marina, a full-service marina and integrated waterfront project at Victoria Dock, at an estimated cost of Rs 922.67 crore.
The project will be implemented under the Design, Build, Finance, Operate and Transfer (DBFOT) model for 45 years. The marina will cover 37.3 hectares of protected water area and accommodate 604 yachts at full capacity, including 424 berths in Phase I.
The authority has commenced marine works, including a piled breakwater, six service platforms, floating pontoons, gangways and capital dredging. Environmental and Coastal Regulation Zone clearances have been obtained for the entire project area.
The concessionaire will develop facilities including a marina terminal, international-standard sailing school, yacht club, repair yard at Haji Bunder, five-star hotel, fuel station, tourism business centre, retail outlets and an events ground.
The contract will be awarded through a single-stage, two-envelope e-tender, with the highest share of gross revenue offered to the authority determining the preferred bidder. Applicants can bid individually or in consortia of up to four members.
Published by HT Digital Content Services with permission from Millennium Post.