Summarize with:
Mumbai: The Maharashtra government has approved Rs 340 crore for the Maharashtra Mining Board (MMB) to support the Vadhavan Port in Dahanu Taluka in the Palghar district.
This translates into 26 per cent of the project’s total estimated cost of Rs 7,622.2 crore, with the Jawaharlal Nehru Port Authority (JNPA) financing the remaining 74 per cent.
This is going to be India’s largest port and will function as a satellite port to JNPA.
The project will be executed through the Vadhavan Port Project, a JV between JNPA and MMB.
Funds will be released in phases. MMB has been authorised to secure a loan of Rs 700.94 crore.
Also Read –
Summarize with:
