Jawaharlal Nehru Port Trust (JNPT) in India is planning Rs570bn ($11bn) over the next eight to ten years to expand port capacity by five times.
In the first phase, the port capacity is set to increase from 4 million tons to 10.5 million tons, while in the second phase is expected to jump to 22 million tons.
JNPT is planning to invest INR80bn ($1.6bn) to develop the fourth container terminal, with a capacity of 4.8 million teus in three to four years.
Around Rs61bn ($1.2bn) will also be invested to dredge an exclusive ship channel.
The port, which handles about 55% to 60% of containers in India, plans to invest Rs200bn ($4bn) for development of liquid cargo berth in three years, which will have capacity upto 18 MTPA, reports PTI.
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