Three Maharashtra agencies will work together on the eastern waterfront water transport project in a bid to divide costs.
The Maharashtra Maritime Board (MMB), the nodal agency for the project, has roped in the City and Industrial Development Corporation of Maharashtra (Cidco) and the Mumbai Port Trust (MbPT).
Three terminals – one each at Ferry Wharf, Nerul and Mandwa – have been planned under the project. MMB will fund the construction at Mandwa, Cidco at Nerul and MbPT at Ferry Wharf.
“We have roped in Cidco and MbPT as the plan impacts their jurisdictions. We had meeting recently and decided each agency will build the terminal in their jurisdictions, said Asheesh Sharma, chief executive officer, MMB.
The tenders for construction of terminals will be floated by July this year, Sharma said.
Both MMB and Cidco said developing their terminals will cost them Rs100 crore. Construction of the terminal at Ferry Wharf may not cost as much because it is already a functional port.
The project was first handed to Maharashtra State Road Development Corporation (MSRDC), but the state gave the project to MMB, saying it comes under its jurisdiction.
MSRDC had finalised contractors to build terminals, but work orders were not issued as the agency did not have the funds or approvals. The reports prepared by the MSRDC may still be used, Sharma said.
“After the terminals are constructed, we will form a special purpose vehicle for operation and maintenance,” said Sanjay Bhatiya, Cidco managing director.
The project envisions the use of catamarans and hovercraft for passenger transport and Ro-Ro vessels to transportation vehicles. Private players will be invited to operate the service and the state may get a license fee.
The MMB has also decided to keep on hold the western waterfront plan, which will have six water terminals — Nariman Point, Bandra, Juhu, Versova, Marve and Borivali.