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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code