Maharashtra Maritime Board to pick equity in JNPT-helmed Vadhavan Port
The Hindu Business Line|March 19, 2020
‘It is imperative that a deep draft container port is developed on the western coast’
P MANOJ
Maharashtra Maritime Board to pick equity in JNPT-helmed Vadhavan Port

The Maharashtra Maritime Board (MMB) said it will take an equity stake of at least 26 per cent in a new ₹65,545-crore port to be built by the Central government with Jawaharlal Nehru Port Trust (JNPT) as the lead partner, putting to rest doubts over the State government’s participation in the ambitious project.

On February 5, the Union Cabinet accorded ‘in-principle’ approval for the new port to be built by a special purpose vehicle (SPV) formed under the Companies Act, in which state-owned JNPT — India’s biggest container gateway — will hold an equity stake equal to or more than 50 per cent.

The Cabinet, though, was silent on MMB’s participation in the project despite a June 2015 memorandum of understanding (MoU) signed between JNPT and MMB to develop Vadhavan Port as a 74:26 joint venture between the two sides.

هذه القصة مأخوذة من طبعة March 19, 2020 من The Hindu Business Line.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة March 19, 2020 من The Hindu Business Line.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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