MUMBAI's Jawaharlal Nehru Port (JNPT) is planning to raise funds for a two-year project that would expand its current six-lane evacuation corridor into 12 lanes, according to the Hindu daily in Chennai.
DP World will also be assisting with the expansion by adding 800,000 TEU capacity to its own container terminal by the end of 2016.
JNPT has recently stated that it aims to become one of the top 10 global ports within the next five years by capitalising on its location.
"We are looking at foreign loans since we have a natural hedge in terms of dollar income and the rates are almost seven per cent lower than the domestic rate," said JNPT deputy chairman Neeraj Bansal.
"This would be a huge saving on our investments. We expect DP World to start partial commissioning by May 15, which would add 400,000 TEU to our total capacity of 4.5 million TEU," he said.
PORTS
24 April 2015 - 09:02
Mumbai's Jawaharlal Nehru Port plans to raise funds for major upgrade
MUMBAI's Jawaharlal Nehru Port (JNPT) is planning to raise funds for a two-year project that would expand its current six-lane evacuation corridor into 12 lanes, according to the Hindu daily in Chennai.
PORTS
24 April 2015 - 09:02
Mumbai's Jawaharlal Nehru Port plans to raise funds for major upgrade
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