Jawaharlal Nehru Port Trust (JNPT) is setting up fourth terminal in its port premises. The two phased project is being executed by Bharat Mumbai Container Terminal, a subsidiary of Port of Singapore, on a design, built, fund, operate and transfer basis. Approximate cost of the first and second phase of the project is around Rs. 4,719 crore & Rs 3,196 crore, respectively. The project is expected to be completed by the end of 2017. Prime Minister Narendra Modi has laid the foundation stone for the project.
Extracted from ET, Oct 11,’15