India to invest US$9 bln in new deepwater container port
NEW DELHI, Feb 6 (NNN-BERNAMA) — India will develop a large deepwater port on its western coast with an investment of more than US$9 billion.
The port will be built at Vadhavan near Dahanu in the state of Maharashtra by a joint venture led by Jawaharlal Nehru Port Trust (JNPT), the operator of India’s largest container port at Navi Mumbai.
The total cost of the project is likely to be about 655 billion rupees (US$9.1 billion), the government said in a statement on Wednesday.