MPA Plans ₹6,160 Crore Investment; Goa Government Secures ₹200 Crore for Waterways Infrastructure.

The Mormugao Port Authority (MPA) has signed 25 memoranda of understanding at India Maritime Week in Mumbai, outlining a potential investment pipeline worth ₹6,160 crore. The proposed projects include a ₹3,500 crore ($400 million) investment for setting up a liquefied natural gas (LNG) terminal at Vasco port.

In parallel, the Inland Waterways Authority of India (IWAI) has allocated ₹200 crore to enhance Goa’s waterways infrastructure. Chief Minister Pramod Sawant said the funds would accelerate the development of ferry terminals, jetty modernisation, and river navigation facilities. “The impact of this investment will soon be visible across Goa’s waterways, enhancing mobility, tourism, and economic activity. We have set up the Shipbuilding Vision 2037 to position Goa as a green, smart, and export-driven hub, with a comprehensive shipbuilding policy to follow,” Sawant said at the event’s inauguration.

He added that eco-friendly coastal shipping, cruise tourism, fisheries infrastructure, logistics, renewable energy, and maritime skill development will be key focus areas under the state’s maritime masterplan.

MPA has also partnered with Atlantic & Pacific LNG for the development, construction, and operation of LNG and LPG terminals at Vasco, which are expected to be commissioned by 2027. The Goa government is promoting port-led industrial growth while ensuring ocean sustainability through clean energy, circular economy practices, and responsible marine resource use in line with global sustainability goals.

Port authorities are further exploring new interstate ferry routes, including a proposed Mumbai-Goa RoRo ferry service. Ports Minister Digambar Kamat confirmed that the process of establishing the Goa Maritime Board is already underway to support the sector’s long-term growth.