Vadhavan Port is a proposed deep sea port at Vadhavan in Palghar district of Maharashtra. The port will be built on coast of the Arabian Sea; the Jawaharlal Nehru Port Authority (JNPA) is responsible for the construction of the port. After the construction of the port, it will be one of the deepest sea ports in India after Vizhinjam International Seaport Thiruvananthapuram, and will have more draft depth than Port of Mumbai and Jawaharlal Nehru Port. It is estimated that the construction of the port will cost of ₹76,220 crore (US$9.1 billion). Vadhavan will be constructed by Vadhavan Port Project Limited, a special purpose vehicle. Jawaharlal Nehru Port will have a 74 percent stake in the project and Maharashtra Maritime Board will have 26 percent in a public private partnership.