PM Modi inaugurates 4th container terminal at JNPT

Prime Minister Narendra Modi will inaugurate the fourth container terminal at Jawaharlal Nehru Port Trust (JNPT) in Mumbai tomorrow.

The JNPT’s Fourth Container Terminal (FCT)’s Phase I has is expected to boost container trade and logistics in a big way. It has been completed in a record time at a cost of Rs. 4,719 crore.

The FCT was developed on design, build, fund, operate and transfer (DBFOT) basis for a concession period of 30 years with an estimated investment of Rs. 7,915 crore for both the phases.