Mumbai, Oct. 21 -- The Mumbai Port Authority, which functions under the union Ministry of Ports, Shipping & Waterways, has invited bids from both domestic and international bidders for the development of the Viksit Bharat Mumbai Marina, a full-service marina and integrated waterfront development at Victoria Dock, Mumbai Port, according to an official statement issued here on Wednesday.
According to the official statement, the project will be implemented on a Design, Build, Finance, Operate and Transfer (DBFOT) basis, for a concession period of 45 years.
The estimated project cost is Rs 922.67 crore. The marina will have a protected water area of 37.3 hectares and capacity for 604 yachts at full build-out, with 424 berths during Phase-1.
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