The Union Government
♦ The Union Government has approved a Rs.887-crore plan to develop a world-class marina at Mumbai Harbour, a move aimed at boosting coastal shipping, maritime tourism and waterfront-led urban development in the country’s financial capital. The project will be developed over nearly 12 hectares of seawater area and will have the capacity to berth 424 yachts of up to 30 metres in length. ♦ The marina will be implemented through a hybrid development model. The Mumbai Port Authority will invest around Rs.470 crore to build the core marina infrastructure on an engineering, procurement and construction (EPC) basis, while a private operator will develop the onshore facilities with an estimated investment of Rs.417 crore.