JSW Infrastructure (JSW Infra) has received a letter of intent (LoI) from Maharashtra Maritime Board (MMB) for the development, operation, management, and maintenance of an all-weather, multipurpose port in Murbe village, Palghar district in Maharashtra.

The estimated cost of the project is about Rs 4,259 crore, and would generate 1,500 employment opportunities. The LoI is valid for 24 months, which is subject to fulfilment of the terms and conditions stipulated therein.

On meeting the terms and conditions as stipulated in the LoI, MMB will enter into a concession agreement (CA) for the project, which will be valid for 70 years. The greenfield project aligns with the company’s growth plan in FY30 to increase capacity from 170 million tpa (MTPA) to 400 MTPA.

A detailed project report (DPR) will be prepared after an analysis of all the technicalities regarding the project and rehabilitation of the fishermen’s community through Central Water and Power Research Station (CWPRS) and Central Marine Fisheries Research Institute (CMFRI).

The project is based on a public-private partnership (PPP) with a design, build, own, operate, and transfer (DBOOT) model. Once built, the port will handle captive, bulk, and dry bulk cargo.