PM lays foundation stone for 4th container terminal of Jawaharlal Nehru Port Trust

Prime Minister Narendra Modi today unveiled the plaque for laying of the foundation stone of the fourth container terminal of the Jawaharlal Nehru Port in Mumbai. 

As per the release on the Press Information Bureau website, Governor of Maharashtra Vidyasagar Rao, Chief Minister of Maharashtra  Devendra Fadnavis, and the Union Minister for Shipping Nitin Gadkari were also present on the occasion. 

The project is being executed by Bharat Mumbai Container Terminal, a subsidiary of Port of Singapore, on a design, built, fund, operate and transfer basis, under whichJawaharlal Nehru Port Trust (JNPT) will get a 35.9 per cent share in revenues. 

The two-phased project will see the overall container handling capacity of JNPT more than double to 10 million standard units of container from the present 4.5 million. 

At present, the JNPT which was started in the 1980s, is the 31st biggest globally. 

Work on the project is divided into two phases, entailing an investment of Rs 4,719 crore and Rs 3,196 crore, respectively, and work is expected to be complete by end of 2017.