Attracting investments of over Rs. 21,000 crore by 2020, Jawaharlal Nehru Port Trust (JNPT) will become one of the biggest investment destinations in the country.
A Rs. 3,000-crore plan to convert the existing four-lane, 45-km road connecting JNPT and the hinterland of Maharashtra into a 10-lane road is prime among them. JNPT will take charge of the entire road and fund its redevelopment.
The road connecting JNPT to the hinterland witnesses huge traffic jams. This plan, which is expected to be completed in three years, will address the connectivity issue to hinterland.
NN Kumar, chairman, JNPT, spoke about the expansion plans at the CII-organised Logistics Summit.
JNPT will also develop a multi-modal hub with a Rs. 100-crore investment. It is expecting to get Rs 1,400 crore from private parties. Similarly, it is developing a special economic zone (SEZ) on a 277-hectare land.