Prime Minister Narendra Modi will lay the foundation stone for the Rs 4,000-crore port-based multi-product special economic zone at Jawaharlal Nehru Port Trust at Sheva, Navi Mumbai, on August 16.
"The proposed industrial infrastructure in 277 hectares with a total public and private investment of Rs 4,000 crore is planned as a self-sustainable integrated development project having a potential of generating 1.5 lakh direct and indirect jobs," an official statement said today.
The ambitious SEZ, to be developed through JNPT-SPV (Special Purpose Vehicle) under the engineering, procurement and construction (EPC) mode, will be completed in three years.
With focus on the collaborating upcoming sectors of India, the SEZ will develop a free trade warehousing zone, engineering goods sector, electronics and hardware sectors, non-conventional energy sector, multi services (IT and healthcare) sectors and apparel and textiles sectors, the statement said.
Modi will also lay the foundation stone for a Port Connectivity Highway Project at the JNPT and also allot land to JNPT project affected persons (PAPs) under the 12.5 per cent scheme.
The statement said the projects have been expedited by Minister of Road Transport, Highways & Shipping & Rural Development, Nitin Gadkari in the last two months.
The port connectivity highway project with a cost is Rs 1,926.57 crore will be completed by December, 2017.
The Ministry of Shipping has decided to execute this project on EPC mode through SPV. The project has been undertaken under the National Highway Development & Port Connectivity Programme of the Union government.
The statement said due to rapid development in the area on account of development of JN Port, JNPT-SEZ, and the proposed international airport, etc, it was felt necessary to augment the carrying capacity of the existing road network to 6/8 lane configuration by providing improved facilities comprising flyovers, railway over bridges and interchanges for uninterrupted flow of traffic on the road network connecting the Port and the National Highways.
Accordingly, it has been proposed to develop the road network to 6/8 lane configuration with service roads. The NH-4B, Amra Marg & SH-54 was developed to a four-lane facility by the National Highways Authority of India (NHAI) through the Special Purpose Vehicle (SPV) comprising of NHAI, JNPT & CIDCO.
