Jawaharlal Nehru Port Trust (JNPT) in association with National Highway Authority of India (NHAI) and City Industrial Development Corporation of Maharashtra Ltd (CIDCO) is working on a Rs.1,800 crore road project to provide seamless connectivity for trucks coming from three National Highways to the port and vice versa.
“The plan is to make our existing 43 km of road network which connects JNPT to three major highways (Mumbai-Pune, Mumbai-Goa and Mumbai-Agra) from the present four lanes to 12 lanes with two lanes on each sides dedicated for public transport. About Rs.1,800 crore will be invested in this project on BOT basis. We have already invited the bids,” Neeraj N. Kumar, Chairman, JNPT, told The Hindu .
“We are making this project a traffic conflict-free road. For uninterrupted movement port traffic we are making provisions for overbridges and grid separators. Due to this, the cost is coming very high at Rs.1,800 crore. Normally, such a road could have cost Rs.500 crore. We are also envisaging the future New Mumbai airport. This road will give last mile connectivity to the New Mumbai airport. So we are ensuring that the traffic coming to the airport do not disturb the port traffic,” Mr. Kumar said.
For this purpose, JNPT, NHAI and CIDCO have formed a Special Purpose Vehicle (SPV) called JNPT Road Company Ltd. which has invited tenders from interested parties to build this road on a BOT (Build Operate and Transfer) basis. JNPT, NHAI and CIDCO have 40 per cent, 50 per cent and 10 per cent equity, respectively in the SPV. The cost of this project will be recovered by charging toll.
“We are coming with a bidding cycle for viable gap funding. In case this exercise fails, the SPV will construct the road,” Mr. Kumar said.
To provide seamless connectivity for trucks coming from three National Highways to the port and vice versa