Jawaharlal Nehru Port Trust (JNPT) is
planning to implement two projects to enhance connectivity by rail and road.
JNPT has floated
a special purpose vehicle with equity participation from the National Highways
Authority of India (NHAI) and City & Industrial Development Corporation of
Maharashtra (CIDCO), to implement a Rs.350 crore road project. The
project entails repairing and concretising a 40 km road between Jawaharlal Nehru
Port and Panvel. Work on the project is expected to commence in the next two
months and is likely to be completed in two years. Of the total project cost,
Rs.134 crore would be in the form of equity, while Rs.216 crore would be raised
through debt.
Entity
|
Equity (Rs.cr.)
|
|
NHAI
|
85
|
|
JNPT
|
40
|
|
CIDCO
|
9
|
Total
|
134
|
On completion,
the road would improve connectivity to Pune, Nashik, Ahmedabad and the entire
north India.
Meanwhile, JNPT
is also planning to implement a Rs.60 crore rail project to double the
track between Panvel and Jasai (JN port station). JNPT, which has taken up the
project with railway authorities, is hopeful that it would be completed within
three years.