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PM lays foundation stone of 4th Container Terminal at JNPT Mumbai
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SME Times News Bureau | 12 Oct, 2015
Prime Minister Narendra Modi laid the foundation stone for the fourth
container terminal at the Jawaharlal Nehru Port Trust (JNPT) in Mumbai on
Sunday.
The terminal, to be developed on a design, build, fund,
operate and transfer (DBFOT) basis for a concession period of 30 years,
will come up at an estimated cost of Rs.7,915 crore.
At the
event, Modi was accompanied by Maharashtra Governor C.V. Rao, Chief
Minister Devendra Fadnavis and union Minister for Shipping Nitin
Gadkari, among others.
The JNPT handles about 40 percent of
India's container traffic and ranks 31 among top 100 container ports
globally, an official said.
The new container terminal will be
constructed by Messrs Bharat Mumbai Container Terminal Pvt. Ltd, a
subsidiary of the Port of Singapore Authority.
The project will
be taken up in two phases of Rs.4,719 crore and Rs.3,196 crore and add
2.4 million TEUS container-handling-capacity in each phase.
Besides,
JNPT is developing a port-based SEZ on 277 hectares land with an
estimated investment of around Rs.4,000 crore which would generate
around 150,000 jobs for the locals.
With a view to solve the
problems of congestion on the connecting roads, JNPT will widen three
state and national highways into six- or eight-lane links on the entire
44 km length at a cost of Rs.2,936 crore.
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