The Asian Development Bank (ADB) and Nhava Sheva Freeport Terminal Prviate Limited (NSFTPL) have signed a US$131m loan agreement to upgrade the Jawaharlal Nehru Port container terminal located in Navi Mumbai Maharashtra.
Aiming to enhance international trade in India through efficient, transparent, and state-of-the art logistics infrastructure, the funds will be used to upgrade existing berths and yards and install additional energy efficient equipment such as electric quay cranes.
These upgrades will expand the terminal’s container handling capacity and attract vessels operating on important international shipping lanes.
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