Mumbai, Dec. 20 -- A world-class marina for private yachts will come up at Cross Island, near the Princess and Victoria docks, at an estimated cost of Rs.887 crore, union shipping minister Sarbananda Sonowal announced on Thursday. The Mumbai Port Authority (MbPA) will invest around Rs.470 crore on core marina infrastructure such as breakwaters and berths for 424 yachts in the first phase, while a private operator will develop onshore facilities such as a terminal building, a sailing school, a tourism development centre, hotel and clubhouse facilities, the statement said. "The project will create world-class infrastructure, open the waterfront for public use, encourage private investment and generate new employment opportunities. It will help position Mumbai as a global maritime tourism hub while advancing India's broader blue economy goals," said Sonowal.P5...