<p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Open Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><span class="">Mumbai Port Authority has formally opened the global tender for the Viksit Bharat Mumbai Marina at Victoria Dock, inviting domestic and international investors to develop a full-service marina and integrated waterfront facility estimated at ₹922.67 crore </span><span class="">. The project will be implemented on a Design, Build, Finance, Operate and Transfer model with a 45-year concession period, marking one of the most significant waterfront development initiatives undertaken by a major Indian port authority in recent years.</span><span class="_5f9bba8" data-citation-group="1" style="margin-left: 2px; margin-right: 2px;"><a href="https://www.pib.gov.in/PressReleasePage.aspx?PRID=2326241&amp;reg=48&amp;lang=2" target="_blank" rel="noreferrer" aria-label="1" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a><a href="https://urbanacres.in/mumbai-marina-project-opens-rs-923-crore-waterfront-tender/" target="_blank" rel="noreferrer" aria-label="5" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a></span></p><p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Open Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><span class="">The scale of the project is substantial. The marina will occupy a protected water area of 37.3 hectares and will have capacity for 604 yachts at full build-out, with 424 berths in Phase I </span><span class="">. Mumbai Port Authority has already commenced marine works, including a piled breakwater with an approach trestle of approximately 150 metres, six piled service platforms, floating pontoons and gangways for the Phase I berths, and capital dredging. Environmental and Coastal Regulation Zone clearances for the entire project area have been obtained, removing a significant regulatory hurdle that has delayed comparable waterfront projects in the past </span><span class="">.</span><span class="_5f9bba8" data-citation-group="3" style="margin-left: 2px; margin-right: 2px;"><a href="https://www.pib.gov.in/PressReleasePage.aspx?PRID=2326241&amp;reg=48&amp;lang=2" target="_blank" rel="noreferrer" aria-label="1" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a><a href="https://infra.economictimes.indiatimes.com/news/ports-shipping/mumbai-port-authority-invites-bids-for-923-crore-marina-at-victoria-dock/135118547?utm_source=Mailer&amp;utm_medium=newsletter&amp;utm_campaign=etinfra_news_2026-10-23_versionA&amp;dt=2026-10-23" target="_blank" rel="noreferrer" aria-label="10" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a></span></p><p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Open Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><span class="">The landside development obligations fall to the concessionaire. Planned facilities include a marina terminal building, an international-standard sailing school, a yacht club, a yacht repair yard at Haji Bunder, dry-stack storage, a fuel station, a five-star hotel, a tourism business centre, food and beverage outlets, retail zones, and a ground for boat shows and events </span><span class="">. The breadth of the programme indicates that the project is conceived not merely as berthing infrastructure but as an integrated marine tourism and hospitality destination, with the marina serving as the anchor for a wider commercial ecosystem.</span><span class="_5f9bba8" data-citation-group="6" style="margin-left: 2px; margin-right: 2px;"><a href="https://urbanacres.in/mumbai-marina-project-opens-rs-923-crore-waterfront-tender/" target="_blank" rel="noreferrer" aria-label="5" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a><a href="https://infra.economictimes.indiatimes.com/news/ports-shipping/mumbai-port-authority-invites-bids-for-923-crore-marina-at-victoria-dock/135118547?utm_source=Mailer&amp;utm_medium=newsletter&amp;utm_campaign=etinfra_news_2026-10-23_versionA&amp;dt=2026-10-23" target="_blank" rel="noreferrer" aria-label="10" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a></span></p><p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Open Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><span class="">The bidding structure is designed to maximise revenue to the port authority. The tender follows a single-stage, two-envelope electronic process, with the key bidding parameter being the percentage of gross revenue offered to Mumbai Port Authority. The bidder quoting the highest share will be the preferred bidder, and applicants may bid individually or as a consortium of up to four members </span><span class="">. The deadline for pre-bid queries is 28 October 2026, with the first pre-bid meeting on 30 October and the second on 25 November. Bids must be submitted by 15 December 2026 </span><span class="">.</span><span class="_5f9bba8" data-citation-group="8" style="margin-left: 2px; margin-right: 2px;"><a href="https://www.pib.gov.in/PressReleasePage.aspx?PRID=2326241&amp;reg=48&amp;lang=2" target="_blank" rel="noreferrer" aria-label="1" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a><a href="https://urbanacres.in/mumbai-marina-project-opens-rs-923-crore-waterfront-tender/" target="_blank" rel="noreferrer" aria-label="5" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a><a href="https://infra.economictimes.indiatimes.com/news/ports-shipping/mumbai-port-authority-invites-bids-for-923-crore-marina-at-victoria-dock/135118547?utm_source=Mailer&amp;utm_medium=newsletter&amp;utm_campaign=etinfra_news_2026-10-23_versionA&amp;dt=2026-10-23" target="_blank" rel="noreferrer" aria-label="10" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a></span></p><p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Open Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><span class="">The project has a history that informs its current design. 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 </span><span class="">. The current tender appears to have addressed that constraint by including a broader landside programme, including a five-star hotel and tourism business centre, which may improve the commercial viability of the concession.</span><span class="_5f9bba8" data-citation-group="11" style="margin-left: 2px; margin-right: 2px;"><a href="https://infra.economictimes.indiatimes.com/news/ports-shipping/mumbai-port-authority-invites-bids-for-923-crore-marina-at-victoria-dock/135118547?utm_source=Mailer&amp;utm_medium=newsletter&amp;utm_campaign=etinfra_news_2026-10-23_versionA&amp;dt=2026-10-23" target="_blank" rel="noreferrer" aria-label="10" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a></span></p><p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Open Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><span class="">Mumbai Port Authority Chairperson Dr. M. Angamuthu framed the project as a deliberate opening of the working harbour to new uses. "Mumbai's identity is inseparable from the sea," he said. "The Viksit Bharat Mumbai Marina will open a part of the city's working harbour for organised marine tourism, sailing and waterfront services, while keeping port operations and safety at the centre" </span><span class="">. The statement emphasises continuity with port operations, a sensitive point given the proximity of the marina to active commercial berths.</span><span class="_5f9bba8" data-citation-group="12" style="margin-left: 2px; margin-right: 2px;"><a href="https://www.pib.gov.in/PressReleasePage.aspx?PRID=2326241&amp;reg=48&amp;lang=2" target="_blank" rel="noreferrer" aria-label="1" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a></span></p><p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Open Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><span class="">The project forms part of a broader waterfront development strategy that includes the Mumbai International Cruise Terminal, a water taxi network, and heritage waterfront precincts </span><span class="">. Together, these initiatives represent an attempt to reposition Mumbai's port areas from purely industrial functions toward a mixed-use model that captures value from the city's maritime geography. If successful, the marina could serve as a template for similar projects at other Indian ports seeking to diversify revenue streams beyond cargo handling.</span><span class="_5f9bba8" data-citation-group="13" style="margin-left: 2px; margin-right: 2px;"><a href="https://www.pib.gov.in/PressReleasePage.aspx?PRID=2326241&amp;reg=48&amp;lang=2" target="_blank" rel="noreferrer" aria-label="1" style="color: rgb(57, 100, 254); transition: box-shadow 0.2s cubic-bezier(0.4, 0, 0.2, 1); border-color: rgba(255, 255, 255, 0); border-width: 2px 3px; margin-left: -3px; margin-right: -3px; text-decoration: none; position: relative;"></a></span></p><p class="ds-markdown-paragraph" style="margin: 16px 0px; color: rgb(15, 17, 21); font-family: quote-cjk-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, Oxygen, Ubuntu, Cantarell, &quot;Open Sans&quot;, &quot;Helvetica Neue&quot;, sans-serif; font-size: 16px;"><span class="">Looking ahead, the immediate milestones are the pre-bid meetings and the December bid deadline. The eventual delivery of the marina will depend on investor participation, phased construction, and the concessionaire's ability to develop demand for marina services in a market where recreational boating remains nascent compared with established Mediterranean or Caribbean destinations. The tender announcement does not specify a completion date or arrangements for public access to the facilities </span><span class="">. For Mumbai, the project represents a bet that the city's harbour can support a marine tourism economy alongside its traditional shipping functions—a bet that will be tested by the response to this tender.</span></p>