Goa Lands ₹6,160 Cr. Port Investment; Waterways Get ₹200 Cr.

At India Maritime Week in Mumbai, the Mormugao Port Authority (MPA) signed 25 memoranda of understanding (MoUs), paving the way for potential investments of Rs 6,160 crore, including a Rs 3,500 crore LNG terminal proposal at Vasco port.

In parallel, the Inland Waterways Authority of India (IWAI) sanctioned Rs 200 crore for Goa’s waterways to enhance ferry terminals, modernize jetties, and improve river navigation.

Goa Chief Minister Pramod Sawant outlined the state’s maritime vision, emphasizing eco-friendly coastal shipping, cruise tourism, and the development of infrastructure for fisheries, logistics, and renewable energy.

Further, MPA partnered with Atlantic & Pacific LNG to develop LNG and LPG terminals at Vasco, expected to become operational by 2027. CM Sawant highlighted Goa’s focus on sustainable industrial growth while preserving ocean health and supporting the state’s development goals.

News by Rahul Yelligetti.