Jawaharlal Nehru Port Trust (JNPT), signed a concession agreement with Nhava Sheva Gateway Terminal, a subsidiary of Dubai-based DP World, for the development container terminal at JN port in Navi Mumbai, Maharashtra.
As per the PPP (public private partnership) policy of the government, JNPT floated a global tender and DP World was the successful bidder for the project. DP World has formed a special purpose vehicle - Nhava Sheva Gateway Terminal - to implement this project. As per the agreement, the terminal will be developed by the concessionaire at an estimated cost of Rs 600 crore on DBFOT basis, with a 17 year concession period.
The new 330 mtr berth with 27 ha of yard will add 8,00,000 twenty foot equivalent container units of container capacity.
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