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ADB to sanction USD 131 mln loan to upgrade JNPCT

Tuesday, 24 Jan 2023
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The Asian Development Bank (ADB) and Nhava Sheva Freeport Terminal (NSFTPL) have signed a USD 131 million loan agreement to upgrade the Jawaharlal Nehru Port Container Terminal (JNPCT) in Navi Mumbai, Maharashtra.

The financing package includes USD 61.4 million from ADB's ordinary capital resources (OCR) and USD 69.6 million from Leading Asia's Private Infrastructure Fund (LEAP) managed by ADB.

The preceding funds intends to upgrade JNCPT's existing berths and yards and install additional energy-efficient tools such as electric quay cranes.

The upgradation of JNCPT will expand the terminal's container handling capacity and attract vessels operating on significant international shipping lanes.

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