HomeINDIAJawaharlal Nehru Port becomes first Landlord Major Port of India

Jawaharlal Nehru Port becomes first Landlord Major Port of India

Published on

HIGHLIGHTS

  • The capacity of JNPCT will increase to 1.8 million TEUs from 1.5 million TEUs.
  • The percentage of cargo handled at all Major Ports through PPP operators is targeted to be 85% by year 2030.

Delhi : JNPCT has become the first major port of the country to become 100% Landlord port having all berths being operated on PPP model. The PPP mode of investment in Indian ports has made a remarkable progress in the last 25 years, beginning from the Jawaharlal Nehru Port (JNP), resulting in the capacity addition and productivity improvement. The sustainability of the first agreement between the concessioning authority and concessionaire on PPP mode, which has completed its 25th year of success in July, this year, has had tremendous impact on the development of PPP projects in major ports.

JNP is one of the leading container ports of the country and is ranked 26th among the top 100 global ports (as per Lloyds List Top 100 Ports 2021 Report). Currently, five container terminals are operated at JNP, of which only one is port owned. With its state of the art facilities JNP meets all the international standards, user-friendly atmosphere, and excellent connectivity by rail and road to the hinterland. Facility of backup infrastructure like CFS, connectivity with ICDs, full-fledge Custom House, Airport, Hotels, proximity to Mumbai, Pune, Nashik city and its industrial belt makes it an unique container terminal. 

The Jawaharlal Nehru Port Container Terminal (JNPCT) has 2 berths with total length of 680m and 15m draft which will be handed over under this PPP contract along with backup area of 54.74 hectares for 30 years. JNPCT is presently handling 9000 TEUs capacity vessels and with the upgradation it can handle 12200 TEUs capacity vessels. It is also proposed to increase the RMQC rail span from 20 meters to 30.5 meters at the port. Investment for this project will be carried out by the concessioner at a total cost of Rs. 872 crores. 

Expressing his views on the achievement, Union Minister of Ministry of Ports, Shipping and Waterways Shri Sarbananda Sonowal said, “As the Prime Minister Shri Narendra Modi has envisaged that PPP is grounded on the principle of inclusion of the private enterprises as able partners towards progress, this project will improve the utilization in crane and berth productivity of the terminal. 

Share Market

Sensex Falls 104 Points, Nifty Closes Below 24,400 After Four-Day Rally

Sensex falls 104 points while Nifty closes below 24,400. IT stocks gain, Trent plunges 12%, and market cap slips below Rs 480 lakh crore.

Sensex Down 250 Points; Nifty Slips Below 23900

Sensex down 250 points as Nifty below 23900 amid IT selling and expiry-led volatility. Read the latest market updates and expert outlook.

More like this

Rahul Gandhi Condoles Wayanad Landslide Victims, Urges Support for Rescue Efforts

Rahul Gandhi expresses grief over the Wayanad landslide, urges Congress and UDF workers to support rescue efforts and affected families.

Kerala Police Warns Shoppers About Flipkart GOAT Sale Scam

Kerala Police warns shoppers about the Flipkart GOAT Sale scam using fake social media pages. Learn how to stay safe and report fraud.

PM Modi Rajasthan Visit: New Airport Terminal, UDAN Scheme and Rs 1.06 Lakh Crore Projects

PM Modi Rajasthan Visit: Prime Minister inaugurates Jodhpur Airport terminal, launches revamped UDAN scheme and unveils projects worth Rs 1.06 lakh crore.