Prime Minister Narendra Modi has laid the foundation stone of fourth terminal of country’s largest container port – Jawaharlal Nehru Port Trust (JNPT) in Mumbai. The ambitious project will augment JNPT’s present capacity situated off the financial capital’s eastern seafront by doubling it in next two years.

Highlights

• The project is being executed by Bharat Mumbai Container Terminal, a subsidiary of Port of Singapore, on a design, built, fund, operate and transfer basis, under which Jawaharlal Nehru Port Trust (JNPT) will get a 35.9 per cent share in revenues.
• The two-phased project will see the overall container handling capacity of JNPT more than double to 10 million standard units of container from the present 4.5 million.
• At present, the JNPT which was started in the 1980s, is the 31st biggest globally.
• Work on the project is divided into two phases, entailing an investment of Rs 4,719 crore and Rs 3,196 crore, respectively, and work is expected to be complete by end of 2017.
• It will be executed by Bharat Mumbai Container Terminal (BMCT), a subsidiary of Port of Singapore on a design, fund, built, operate and transfer (BOT) basis.
• The expansion of port seeks to make it in top 15 ports of the world as it is presently ranked 31st. At present, JNPT operates one of the three terminals at the port while the other two are operated by DP World and APM Terminals.

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