The Viksit Bharat Mumbai Marina will be developed under a Design, Build, Finance, Operate and Transfer (DBFOT) model.
It may be recalled that earlier marina tenders, including those floated in 2019 and 2023 for Princess Dock, failed to attract favourable investor response. The 2023 tender deadline was extended, but the process was eventually scrapped after bidders sought a larger commercial land parcel than the port authority was willing to offer. MbPA has commenced marine works, including a piled breakwater with an approach trestle of around 150 metres, six piled service platforms, floating pontoons and gangways for approximately 424 berths, and capital dredging.
Planned amenities include a marina terminal building, an international-standard sailing school, yacht club, yacht repair yard at Haji Bunder, dry-stack storage, fuel station, five-star hotel, tourism business centre, food and beverage outlets, retail zones, and a ground for boat shows and events. The initiative forms part of the authority’s broader harbour and waterfront-development plans, alongside the Mumbai International Cruise Terminal, water taxi network and heritage waterfront precincts. Its eventual contribution to Mumbai’s tourism economy will depend on phased execution, investor participation and demand for marina services. You Can Also Check: Gold Rate in Mumbai | Silver Rate in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai | Mumbai AQI | Weather in Mumbai | Petrol Price in Mumbai | Diesel Price in Mumbai | CNG Price in Mumbai | LPG Price in Mumbai