JNPT to invest Rs7,000 cr for upgradation

JNPT to invest Rs7,000 cr for upgradation
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First Published: Sun, Jun 01 2008. 01 33 PM IST
Updated: Sun, Jun 01 2008. 01 33 PM IST
PTI
Mumbai: Jawaharlal Nehru Port Trust (JNPT), which handles 60% of the country’s container cargo, plans to invest Rs7,000 crore in the next six years to upgrade it to handle bigger ships and more cargo.
“The money would be spent on setting up a fourth container terminal, dredging the approach channel, purchase of new cranes, extending the berth wall,” a top Port official said at a press meet.
“We have about 32 projects on. We will be spending about Rs7,000 crore on them in the next five or six years. For this year, we have an outlay of Rs200 crore,” JNPT Chairman SS Hussain said.
Next week, the Pre-Investment Board would take up the dredging of the approach channel, which has been quoted at Rs1,000 crore against the mandated Rs800 crore by the Port.
JNPT plans to dredge its approach channel from 12.5 metres to 14.5 metres so that ships carrying 9,000 TEUs can visit the port. At present, ships carrying 6,000 TEUs come to the port.
The port has sought the approval of Ministry of Shipping for replacing three cranes, whose life comes to an end in 2009. It is looking at the possibility of hiring two more cranes.
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First Published: Sun, Jun 01 2008. 01 33 PM IST
More Topics: JNPT | Capex | Upgradation | Van Oord | SS Hussain |