The Mumbai Port Authority invites domestic and international bids to develop the Viksit Bharat Mumbai Marina at Victoria Dock, a full-service marina and integrated waterfront project estimated at ₹922.67 crore. Outlets describe it as being pursued through a long-term concession model, with construction and later operation tied to a transfer back to the port authority.
Reporting highlights that the project proceeds under a Design, Build, Finance, Operate and Transfer (DBFOT) framework for a 45-year concession period. Sources say MbPA has already begun marine works such as a piled breakwater and associated structures, along with capital dredging, and that environmental and Coastal Regulation Zone (CRZ) clearances have been secured. The planned marina is described as having a protected water area of 37.3 hectares, with capacity for 604 yachts and 424 berths in Phase I.
The bid process is framed around a single-stage, two-envelope e-tender format, where the bid parameter involves the percentage share of gross revenue paid to MbPA. Outlets also emphasize the inclusion of landside tourism and service facilities, including a terminal building, sailing school, yacht club and repair yard, along with hotels, fuel, retail and event spaces.
