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Swiss terminal major TIL to invest Rs 20,000 crore in Vadhavan Port

MUMBAI: The Switzerland-based container terminal major, Terminal Investment Sarl, has agreed to invest Rs 20,000 crore in the upcoming Vadhavan Port northwest of Mumbai. The JNPA has said TIL will invest around Rs 20,000 crore to develop the Vadhavan Port and the surrounding ecosystem, establishing it as a world-class facility. The facility, coming up at Dahanu in the Palghar district, …

Indian and global financial institutions such as Power Finance Corporation, Rural Electrification Corporation and Japan International Cooperation Agency have shown interest to fund the ₹76,220-crore Vadhavan Port project which was approved by the Union Cabinet on Wednesday, Unmesh Wagh, Chairman, Jawaharlal Nehru Port Authority said on Thursday. “Two financial institutions – PFC and JICA – have shown their willingness to …

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Prime Minister Narendra Modi called the day a key milestone in India’s development and said Vadhavan would be the country’s largest container port. Here’s why the Rs 76,200-crore project, around 130 kilometres from Mumbai, could be a game-changer for India The port, which will cost Rs 76,200-crore, will be built by Vadhavan Port Project Limited — a special purpose vehicle …

Cabinet clears ₹76,220-crore all-weather port in Maharashtra

The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved setting up a major all-weather port at Vadhavan near Dahanu in Maharashtra at an estimated cost of ₹76,220 crore, in a decision aimed at bolstering India’s maritime infrastructure. The project will be constructed by Vadhavan Port Project Limited, a special purpose vehicle formed by Jawaharlal Nehru Port Authority …

Centre Approves Rs 76,200-Crore For Development Of Greenfield Major Port At Vadhavan

New Delhi, Jun 19 The Union Cabinet on Wednesday approved the development of a Rs 76,200-crore all-weather greenfield deep draft major Port at Vadhavan in Maharashtra, according to an official statement. According to the statement, the Cabinet, chaired by Prime Minister Narendra Modi, also approved establishing the road connectivity between the port and national highways by the Ministry of Road …