Union Shipping Minister Nitin Gadkari has given a go- ahead for the project, but it is not being implemented, he said.
"If the government wants to develop the East coast of the city, the existing slum dwellers who are residing on the Mumbai Port Trust land have to be rehabilitated.
"In Mumbai, MbPT owns vast tracts of land and many of buildings on its land are over 100 years old and in a dilapidated condition," Sawant told PTI.
"The buildings need to be redeveloped immediately. Thus, the state government has to take the initiative and make a joint venture with MbPT," Sawant demanded.
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The MP said he had raised the issue of redevelopment of slums located on MbPT land under the SRA (Slum Rehabilitation Authority) with the Centre.
"Nitin Gakari has approved the proposal. However, the delay is by the Cabinet (in giving approval)," he said.
The idea to utilise unused port land was first mooted by the state government in 2001.