Jawaharlal Nehru Port Authority (JNPA) has signed memorandums of understanding (MoUs) worth over Rs 2.2 trillion focused on enhancing port infrastructure and developing the Vadhvan Port in Maharashtra’s Palghar district.
Key agreements include:
- An MoU with Adani Ports and Special Economic Zone Limited (APSEZ) for around Rs 265 billion offshore projects at Vadhvan Port and another Rs 250 billion for development of container terminals.
- Another agreement with Indian Railway Finance Corporation Limited (IRFC) for Rs 200 billion in financial support covering the Vadhvan Port Project.
- Additional MoUs were signed with Evergreen Marine Corporation and Gulftainer Company for developing terminals at Vadhvan Port with investments of Rs 100 billion and Rs 40 billion, respectively, etc.