Nhava Sheva Freeport Terminal Private Limited (NSFTPL) and Asian Development Bank (ADB) signed a US$131 million loan in order to upgrade the Jawaharlal Nehru Port Container Terminal (JNPCT) in Nhava Sheva, India.
The financing package consists of US$61.4 million from ADB’s ordinary capital resources and US$69.6 million from Leading Asia’s Private Infrastructure Fund (LEAP) administered by ADB.
NSFTPL is a special purpose vehicle jointly owned by J M Baxi Ports and Logistics Limited (JMBPL) and...