Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
TIL, headquartered in Geneva, invests in, develops,
and manages container terminals across the globe. It is active in 31 countries across five continents. Put together, 70
container terminals, in which the company owns a stake, handled about 65
million twenty-foot equivalent units (TEUs) in 2023.
TIL’s majority owner and main customer is the
Mediterranean Shipping Company (MSC), the world’s largest shipping line.
JNPA announced the development on Monday 23 Dec.
Unmesh Sharad Wagh, IRS, chairman at JNPA and chief managing director
(CMD) of the Vadhvan Port Project (VPPL), said, “The MoU with TIL Sàrl marks a
significant step in our vision for the Vadhvan port, which is poised to
redefine port infrastructure in India. This partnership not only reflects the
confidence of global investors in India’s maritime sector but also ensures the
integration of cutting-edge technology, sustainable practices, and world-class
infrastructure. Together, we aim to create a
port ecosystem that sets new benchmarks in efficiency and innovation.” The
largest port project in India, the Vadhvan port, is worth Rs 76,220 crore. VPPL
is a special-purpose vehicle (SPV) assigned the job of the port’s development.
Overall, the project is being implemented by the JNPA and Maharashtra Maritime
Board (MMB) with a shareholding of 74 per cent and 26 per cent, respectively.
The first phase of the project is estimated to be
completed by 2029.
According to Sarbananda Sonowal, minister of ports,
shipping, and waterways (MoPSW), the Vadhvan port will be one of the top 10
container-handling ports globally, once complete. Moreover, the project will create a cumulative capacity of 298 million
metric tonnes (MMT) per annum, including around 23.2 million TEUs of container
handling capacity.
The all-weather greenfield deep draft port is situated
in Vadhavan, Palghar district of Maharashtra. It is being developed via a
public-private partnership (PPP).
The project may create 1.2 million job opportunities,
according to Sonowal.
