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Business News/ Industry / Infrastructure/  PM to lay foundation for Rs4,000-crore SEZ at JNPT on 16 August
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PM to lay foundation for Rs4,000-crore SEZ at JNPT on 16 August

Narendra Modi will also lay the foundation stone for a port connectivity highway project at JNPT and allot land to project-affected persons

A file photo of the Jawaharlal Nehru Port Trust. The SEZ will develop a free trade warehousing zone, the engineering goods sector, and electronics and hardware sectors, among other sectors. Premium
A file photo of the Jawaharlal Nehru Port Trust. The SEZ will develop a free trade warehousing zone, the engineering goods sector, and electronics and hardware sectors, among other sectors.

New Delhi: Prime Minister Narendra Modi will lay the foundation stone for the 4,000-crore port-based multi-product special economic zone at Jawaharlal Nehru Port Trust (JNPT) at Sheva, Navi Mumbai, on 16 August.

“The proposed industrial infrastructure in 277 hectares with a total public and private investment of 4,000 crore is planned as a self-sustainable integrated development project having a potential of generating 1.5 lakh direct and indirect jobs," an official statement said on Sunday. The ambitious SEZ, to be developed through JNPT-SPV (special purpose vehicle) under the engineering, procurement and construction (EPC) mode, will be completed in three years.

With a focus on the collaborating upcoming sectors of India, the SEZ will develop a free trade warehousing zone, the engineering goods sector, electronics and hardware sectors, the non-conventional energy sector, multi services (IT and healthcare) sectors and apparel and textiles sectors, the statement said.

Modi will also lay the foundation stone for a port connectivity highway project at the JNPT and allot land to JNPT project-affected persons (PAPs) under the 12.5% scheme. The statement said the projects have been expedited by Nitin Gadkari, minister of road transport, highways and shipping and rural development, in the last two months. The port connectivity highway project with a cost of 1,926.57 crore will be completed by December 2017. The ministry of shipping has decided to execute this project in the EPC mode through an SPV. The project has been undertaken under the National Highway Development and Port Connectivity Programme.

The statement said due to rapid development in the area on account of development of the Jawaharlal Nehru Port, JNPT-SEZ, and the proposed international airport, etc., it was felt necessary to augment the carrying capacity of the existing road network to a 6/8 lane configuration by providing improved facilities comprising flyovers, railway over bridges and interchanges for uninterrupted flow of traffic on the road network connecting the port and the national highways (NHs). Accordingly, it has been proposed to develop the road network to 6/8 lane configuration with service roads. The NH-4B, Amra Marg and state highway (SH)-54 was developed to a four-lane facility by the National Highways Authority of India (NHAI) through the SPV comprising NHAI, JNPT and City and Industrial Development Corp. of Maharashtra Ltd (Cidco).

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Published: 10 Aug 2014, 03:56 PM IST
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