+
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
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code