A project to upgrade a road to Jawaharlal Nehru Port (JNPT) in Mumbai has been approved by the Union government on September 23. The road project involves a total expenditure of Rs 1,943.37 crore. The Cabinet Committee on Economic Affairs (CCEA) approved the road development project, to be undertaken by Mumbai JNPT Port Road Company (MJPRCL).
Tag: Jawaharlal Nehru Port
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Jawaharlal Nehru Port loses place in top 30 list
For a number of years Jawaharlal Nehru Port (JNPT) lost its 30th rank among the world's container handling ports owing to issues like strong competition from ports such as Mundra, Pipava and Hazira and delay in the developing the fourth container terminal. The London-based “Containerisation International” publishes the list of leading 30 container ports. Until now,
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JNPT to accept RFQ till Aug 19 for container terminal project
Until 19 August, prospective bidders can submit requests for qualifications (RFQ) for the proposed fourth container terminal project of at the Jawaharlal Nehru Port (JNPT). The port authority recently extended the deadline for submitting RFQ for the project reportedly because bidders were
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DP World to invest $200 mn to build JNPT terminal
To build a new container terminal at Jawaharlal Nehru Port in India, DP World will invest about $200m., DP World has said. The world's third largest port operator will build the terminal next to the Nhava Sheva International Container Terminal (NSICT), which DP World currently operates. The new 330-metre berth with 27 hectares of yard will add 800,000 TEUs (twenty foot equivalent container units) of container capacity and help ease congestion at Jawaharlal Nehru Port.
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DP World to sign concession agreement with JNPT
Following the resolution of environment issues, DP World would sign concession agreement with the Jawaharlal Nehru Port (JNPT) for setting up a 800,000 TEU container terminal. The Rs 1,000 crore project was awarded to DP World in October last year after the firm agreed to share 28.09 per cent of the revenue with JNPT
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Govt wants Kandla, JN ports to invest in Iranian port
Media reports suggest that the union shipping ministry wants Jawaharlal Nehru port (JNPT) to operate a container terminal at Chabahar port in Iran. It may be recalled that the union cabinet cleared a proposal to participate in the development of the Iranian port. Also, during his latest visit to Iran, India's External Affairs Minister Salman Khurshid announced that India woul
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Muted response to bond issues attributed to weak mkt condition
Union Shipping Minister GK Vasan informed Lok Sabha that some ports in the country received muted response for their tax-free bond issues mainly on account of weak market sentiments and low coupon rates. While Jawaharlal Nehru Port (JNPT) wanted to raise Rs 2,000 crore through issue of tax-free bonds, the actual subs
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Muted response to bond issues attributed to weak mkt condition
Union Shipping Minister GK Vasan informed Lok Sabha that some ports in the country received muted response for their tax-free bond issues mainly on account of weak market sentiments and low coupon rates. While Jawaharlal Nehru Port (JNPT) wanted to raise Rs 2,000 crore through issue of tax-free bonds, the actual subs
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JNPT explores legal options against PSA
Jawaharlal Nehru port (JNPT) is said to be exploring all legal and administrative options on actions to be taken against PSA International for reneging its contract to set up the proposed fourth container terminal. The proposed terminal project was designed to load 4.8 million standard containers a year. According to Kevic Setalvad, the additional solicitor general of India, it is p
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Jawaharlal Nehru Port affected by union strike
The countryÂ’s largest container handling port, Jawaharlal Nehru Port, suffered considerably because of the two-day nation-wide strike called by central trade unions. The strike also affected the cargo operations at Mumbai, Kochi, New Mangalore and Vizag ports. However, the oil and other liquid terminals at these ports func