Maharashtra Maritime Board Invites Bids For 15 Floating Hoardings Across 10 MMR Locations, Expects ₹4.80 Crore Annual Revenue

The Maharashtra Maritime Board (MMB) has opened bids for 15 illuminated floating hoardings located at 10 sites within the Mumbai Metropolitan Region, expecting an annual revenue of approximately Rs 4.80 crore. This announcement comes after Fisheries and Ports Development Minister Nitesh Rane had previously claimed that only four floating hoardings would be installed, including two existing structures, dismissing the tender as a misunderstanding.

The tender was presented during the 21st Maritime State Development Council meeting held in Mumbai on October 13, 2026, chaired by Union Minister Shri Sarbananda Sonowal, with Maharashtra represented by Minister Shri Nitesh Rane, ACS Shri Sanjay Sethi, and MMB CEO Shri Pradeep P, IAS. The Vashi Creek Bridge and Airoli Creek Road Bridge sites carry the highest minimum annual fees, amounting to around Rs 1.02 crore each, accounting for over Rs 2 crore.

The minimum annual fee ranges from Rs 31.63 lakh at Lotus Jetty, Juhu Jetty, Worli Jetty, and near the Sea Link jetty to Rs 23.74 lakh at Mandwa Terminal in Raigad district. The bidding process follows the Design, Build, Finance, Operate and Maintain (DBFOM) model, where agencies must offer a premium over the minimum fee for each location.

Licences can be granted for up to 10 years, with the first six months reserved for successful bidders to secure necessary permissions and approvals. The licence fee, including the premium, will increase by 10% annually. Selected agencies will be responsible for ensuring structural safety and regulatory compliance, with licensed structural engineers preparing designs and calculations, which must be vetted by an agency approved by the MMB. Annual safety compliance certificates and public liability insurance are mandatory for all bidders.