The Jawaharlal Nehru Port Authority announced that terminal operator TIL (a subsidiary of MSC) has proposed to invest around Rs 20,000 crore (about RMB 17.2 billion) to develop Vadhvan Port.
Wadwan Port is located in Maharashtra on the west coast of India, facing the Arabian Sea to the west. The total investment is about 762 billion rupees. It is developed by Wadwan Port Project Company (VPPL), which was jointly established by Jawaharlal Nehru Ports Authority (JNPA) and Maharashtra Maritime Board (MMB), holding 74% and 26% of the shares respectively.
After the completion of Wadhwa Port, the annual throughput capacity will reach 23.3 million TEUs, and the goal is to be among the top ten container ports in the world. The Nehru Port Authority said that it has signed a memorandum of understanding with TIL. The cooperation between the two parties will further improve India's port infrastructure and build Wadhwa Port into a world-class port in the future. Previously, the Nehru Port Authority had signed cooperation agreements with operators such as PSA, DP World and CMA CGM to develop Wadhwa Port.
https://www.cnss.com.cn/html/gkqy/20241225/355385.html
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