Japan Int'l Cooperation agency eyes Vadhavan Port funding
PORTS & SHIPPING

Japan Int'l Cooperation agency eyes Vadhavan Port funding

Japan International Cooperation Agency (JICA) had initiated preliminary discussions with the Jawaharlal Nehru Port Authority (JNPA) regarding financing for the proposed mega port at Vadhavan near Dahanu in Maharashtra's Palghar district. This marked the second major lender expressing interest in the project.

Previously, the state-owned lender Power Finance Corporation (PFC) had proposed to fully underwrite the total debt amounting to Rs 272.83 billion for constructing the port. The port is designed to handle approximately 298 million tonnes (mt) of cargo annually, including 24.5 million twenty-foot equivalent units (TEUs), with an investment of Rs 762.20 billion.

In April, officials from the JICA India office had a meeting with Unmesh Wagh, Chairman of Jawaharlal Port Authority, to discuss financial assistance for the project. Wagh informed ET Infra that JICA was also interested in the project, impressed by the structure devised by JNPA for its implementation and the potential the new port holds.

Wagh further explained that the project had garnered considerable interest from potential lenders due to its well-structured plan, all requisite clearances being in place, meticulously projected traffic forecasts, and the project being spearheaded by the most efficient port in India with solid financial projections for the next 30 years.

Japan International Cooperation Agency (JICA) had initiated preliminary discussions with the Jawaharlal Nehru Port Authority (JNPA) regarding financing for the proposed mega port at Vadhavan near Dahanu in Maharashtra's Palghar district. This marked the second major lender expressing interest in the project. Previously, the state-owned lender Power Finance Corporation (PFC) had proposed to fully underwrite the total debt amounting to Rs 272.83 billion for constructing the port. The port is designed to handle approximately 298 million tonnes (mt) of cargo annually, including 24.5 million twenty-foot equivalent units (TEUs), with an investment of Rs 762.20 billion. In April, officials from the JICA India office had a meeting with Unmesh Wagh, Chairman of Jawaharlal Port Authority, to discuss financial assistance for the project. Wagh informed ET Infra that JICA was also interested in the project, impressed by the structure devised by JNPA for its implementation and the potential the new port holds. Wagh further explained that the project had garnered considerable interest from potential lenders due to its well-structured plan, all requisite clearances being in place, meticulously projected traffic forecasts, and the project being spearheaded by the most efficient port in India with solid financial projections for the next 30 years.

Next Story
Technology

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Next Story
Infrastructure Transport

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Next Story
Real Estate

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?