The Asian Development Bank (ADB) has signed a INR10.6 billion (US$130 million) loan agreement with Nhava Sheva Freeport Terminal Private Limited (NSFTPL) including the Japan International Cooperation Agency (JICA)-funded to upgrade the Jawaharlal Nehru port container terminal in Mumbai, India.
The aim of this loan agreement is to:
- upgrade existing berths and yards;
- install additional energy-efficient equipment such as electric quay cranes;
- expand terminal container handling capacity; and
- reduce logistics costs by easing congestion at the port and reducing greenhouse gas emissions through the electrification of facilities.
The financing package comprises US$61.4 million from ADB's ordinary capital resource and US$69.6 million from Asia's private infrastructure fund (LEAP) administered by ADB.
Country updates
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