JNPA to Issue EoI for Dredging and Reclamation of Vadhavan Port Under PPP HAM Model.

The Jawaharlal Nehru Port Authority (JNPA) will issue an expression of interest (EoI) to select a private partner for the development and maintenance of the Vadhavan port project. The project, valued at Rs 20,647 crores, will be conducted under a public-private partnership (PPP) using the Hybrid Annuity Model (HAM). The investment required for the port's infrastructure is Rs. 38,976 crores, including dredging, reclamation, shore protection works, and other utilities. Texmaco has also announced the acquisition of JRIL, expanding its rolling stock business in India. [Extracted from the article]