Jawaharlal Nehru (JN) port will try the annuity payment method to implement the second phase of a project to deepen its channel at an estimated cost of Rs 4,000 crore. The port plans to create a separate fund, a portion of which could be used to pay the annuity amount due to the private dredging contractor. The project will be the first dredging contract that will be executed using the annuity method at a port in India.
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Deepening of port channel
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