New Delhi (22.01.2025): Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal launched multiple projects worth nearly Rs 2,000 crore in order to expand capacity at the Jawaharlal Nehru Port, Mumbai, on January 21, 2025. The Union Minister also launched one Solar powered boat, two indigenously developed 70T tugs and three fire tenders, boosting the safety and efficiency of the port. Sonowal said, Jawaharlal Nehru Port Authority (JNPA) is amongst top global ports and India’s largest port by crossing 10+ million TEUs capacity in January 2025 and poised to achieve 10 million TEUs throughput by 2027. In 2024, the port handled highest ever container volume of 7.05 million TEUs, performing at more than 90 per cent capacity. It had an annual growth of 11 per cent Y-o-Y last year as compared to the previous calendar year. With the commissioning of the second phase of Bharat Mumbai Container Terminal (BMCT) in January 2025, another 2.4 million TEUs is added to JNPA’s total capacity. The upgradation of Nhava Sheva Freeport Terminal (NSFT) in 2025 is also likely to add capacity to the port. With the growth projections of current rate, the container handling capacity is expected to go up to 10.4 million TEUs. Major MoUs were signed in the presence of the Union Minister Sarbananda Sonowal for the development of the Vadhavan Port Project. A MoU between VPPL and Reliance Industries Limited allocates Liquid Jetty along with 50 acres of land at Vadhavan port under PPP model. This investment is estimated at Rs 645 crore and is likely to commence by 2030. Another MoU between VPPL and Dr Balasaheb Konkan Krishi Vidyapeeth Dapoli (DBKKVD) was signed for development and implementing integrated agricultural and horticultural plan for shortlisted villages in Dahanu and Palghar in and around Vadhavan. In a significant step toward fostering collaboration in the infrastructure sector, a robust working partnership has been established between VPPL and HUDCO. This partnership aims to enhance coordination, collaboration, and resource sharing, adhering to all applicable laws, rules, and regulations governing the parties. As part of this agreement, HUDCO has committed to providing funding of up to Rs 25,000 crore for the development of new ports and Public-Private Partnership (PPP) projects. This strategic alliance leverages VPPL's expertise in implementing large-scale infrastructure projects and HUDCO's financial acumen to deliver impactful solutions in the infrastructure domain.
New Delhi (22.01.2025): Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal launched multiple projects worth nearly Rs 2,000 crore in order to expand capacity at the Jawaharlal Nehru Port, Mumbai, on January 21, 2025. The Union Minister also launched one Solar powered boat, two indigenously developed 70T tugs and three fire tenders, boosting the safety and efficiency of the port.
Sonowal said, Jawaharlal Nehru Port Authority (JNPA) is amongst top global ports and India’s largest port by crossing 10+ million TEUs capacity in January 2025 and poised to achieve 10 million TEUs throughput by 2027.
In 2024, the port handled highest ever container volume of 7.05 million TEUs, performing at more than 90 per cent capacity. It had an annual growth of 11 per cent Y-o-Y last year as compared to the previous calendar year. With the commissioning of the second phase of Bharat Mumbai Container Terminal (BMCT) in January 2025, another 2.4 million TEUs is added to JNPA’s total capacity. The upgradation of Nhava Sheva Freeport Terminal (NSFT) in 2025 is also likely to add capacity to the port. With the growth projections of current rate, the container handling capacity is expected to go up to 10.4 million TEUs.
Major MoUs were signed in the presence of the Union Minister Sarbananda Sonowal for the development of the Vadhavan Port Project. A MoU between VPPL and Reliance Industries Limited allocates Liquid Jetty along with 50 acres of land at Vadhavan port under PPP model. This investment is estimated at Rs 645 crore and is likely to commence by 2030. Another MoU between VPPL and Dr Balasaheb Konkan Krishi Vidyapeeth Dapoli (DBKKVD) was signed for development and implementing integrated agricultural and horticultural plan for shortlisted villages in Dahanu and Palghar in and around Vadhavan. In a significant step toward fostering collaboration in the infrastructure sector, a robust working partnership has been established between VPPL and HUDCO. This partnership aims to enhance coordination, collaboration, and resource sharing, adhering to all applicable laws, rules, and regulations governing the parties. As part of this agreement, HUDCO has committed to providing funding of up to Rs 25,000 crore for the development of new ports and Public-Private Partnership (PPP) projects. This strategic alliance leverages VPPL's expertise in implementing large-scale infrastructure projects and HUDCO's financial acumen to deliver impactful solutions in the infrastructure domain.