+
CCEA Directs JN Port Authority on Vadhavan Port Fundraising
PORTS & SHIPPING

CCEA Directs JN Port Authority on Vadhavan Port Fundraising

The Cabinet Committee on Economic Affairs (CCEA) has instructed the Jawaharlal Nehru Port Trust (JNPT) not to extend a corporate guarantee for the fundraising efforts related to the development of Vadhavan Port. This decision aims to mitigate financial risks and ensure prudent fiscal management in the development of the new port infrastructure. The directive underscores the government's cautious approach to leveraging public resources while promoting private investments in critical infrastructure projects.

Vadhavan Port, located in Maharashtra, is envisioned as a crucial addition to India's maritime infrastructure, expected to enhance port capacity and facilitate smoother trade operations. The CCEA's guidance emphasises the importance of adopting sustainable financing models that do not overly burden public entities like JNPT. Instead, the focus is on encouraging innovative funding mechanisms that attract private sector participation and optimise resource allocation for infrastructure development.

The decision reflects broader efforts to streamline governance frameworks in infrastructure financing, ensuring transparency and accountability in public investments. By refraining from issuing a corporate guarantee, JNPT is poised to explore alternative financing strategies that align with national interests and promote economic growth through robust infrastructure development. This strategic approach aims to balance fiscal prudence with the imperative to expand India's port infrastructure, supporting the country's ambitions as a global maritime hub in the long term.

The Cabinet Committee on Economic Affairs (CCEA) has instructed the Jawaharlal Nehru Port Trust (JNPT) not to extend a corporate guarantee for the fundraising efforts related to the development of Vadhavan Port. This decision aims to mitigate financial risks and ensure prudent fiscal management in the development of the new port infrastructure. The directive underscores the government's cautious approach to leveraging public resources while promoting private investments in critical infrastructure projects. Vadhavan Port, located in Maharashtra, is envisioned as a crucial addition to India's maritime infrastructure, expected to enhance port capacity and facilitate smoother trade operations. The CCEA's guidance emphasises the importance of adopting sustainable financing models that do not overly burden public entities like JNPT. Instead, the focus is on encouraging innovative funding mechanisms that attract private sector participation and optimise resource allocation for infrastructure development. The decision reflects broader efforts to streamline governance frameworks in infrastructure financing, ensuring transparency and accountability in public investments. By refraining from issuing a corporate guarantee, JNPT is poised to explore alternative financing strategies that align with national interests and promote economic growth through robust infrastructure development. This strategic approach aims to balance fiscal prudence with the imperative to expand India's port infrastructure, supporting the country's ambitions as a global maritime hub in the long term.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?