Mormugao Port Trust is planning to take up a redevelopment project of the Mormugao port in Goa. The project involves redevelopment of berths 8, 9 and barge berths with the capacity of 19 MTPA capacity multi-cargo Port terminal in Mormugao Port.The total estimated project cost is Rs 11450 million and construction is expected to be completed in five years. As of September 2016, Goa Sea Port Pvt Ltd, a Special Purpose Vehicle floated by Vedanta group has been awarded the project on Design, Build, Finance, Operate and Transfer (DBFOT) Basis.