Business

JNPT says it is adhering to all green norms for Vadhavan port development

Agencies

The country’s leading container port JNPT on Saturday said it is adhering to the terms of reference issued by the Ministry of Environment, Forest & Climate Change for prior environmental clearance for development of Vadhavan port.The Govt had in February approved a proposal to set up a new major port at Vadhavan near Dahanu in Maharashtra at an investment of `65,544 crore.The new port will be developed on a landlord model under a special purpose vehicle with Jawaharlal Nehru Port Trust  as the lead partner with equity participation equal to or more than 50% to implement the project. Of this, `16,140 crores will be implemented by the SPV in constructing basic infrastructure like breakwaters, rail line/yard and road connectivity, power and water line, internal roads and common amenities, as per JNPT.