US$0.5bn for Jawaharlal Nehru Port to improve road access
Jawaharlal Nehru Port Trust (JNPT) has begun the financing process for its INR32bn (US$473m) project to enhance the port’s surrounding roads to meet traffic demand and mitigate long-running congestion issues.
JNPT has identified the widening of existing national highways, NH-4B and NH-348A (old SH¬54 and Amra Marg), which help to connect India’s largest port to Navi Mumbai.
The trust has authorised the State Bank of India (SBI) to issue a request for proposals to qualified bidders for lending external commercial borrowings to JNPT.
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