Project News Detail
| Project No : | 185745 |
|---|---|
| Project Title : | Free Trade Warehouse Zone Project In Maharashtra |
| Company Name : | Ministry Of Social Justice And Empowerment |
| Project Detail : | Union Minister for Road Transport & Highways, Shipping and Water Resources, Nitin Gadkari laid the foundation stone for a Free Trade Warehouse Zone (FTWZ) at JNPT-SEZ, Maharashtra on 17 February 2019 The FTWZ is a special economic zone being developed by Hindustan Infralog, a joint venture between DP World and the National Infrastructure and Investment Fund (NIIF) The project will entail an investment of Rs 700 crore and will be developed in two years The event also witnessed inauguration of the increase in draft of JNPT Mumbai navigational channel worth Rs 2,029 crore. It has deepened and widened the existing channel from 14 mtr to 15 mtr draft by which the handling capacity of the port has increased from 6,000 TEUs to 12,500 TEUs With this, JNPT can now navigate new generation container vessels, increase its handling capacity and provide economic benefits to EXIM trade through faster turnaround time time Th event also witnessed the unveiling of the Shiv-Samarth Smarak, a recreational facility having statues of Shivaji Maharaj and Sant Ramdas Swami, developed to promote art and culture. The various projects undertaken by JNPT will also generate employment for nearly 1.25 lakh people Moreover, under the Sagarmala project, which entails investment of Rs 16 trillion, nearly 114 projects at an investment of around Rs 2.35 trillion will be developed by JNPT |
| Project Location : | Mumbai - Maharashtra - India |
| Project Estimation : | INR 700 Cr / INR 7 Bn |
| Status : | Announced |