PM lays foundation of Rs. 4,000-cr SEZ at JNPT

 Prime Minister Narendra Modi on Saturday laid the foundation stone of the much awaited Rs 4000 crore port based SEZ (Special Economic Zone) at JNPT (Jawarhar Lal Nehru Port Trust) at Navi Mumbai.
The Prime Minister also laid the foundation of a Rs 1,927 crore port connectivity highway project along with the allocation of land for project affected persons.
The project is scheduled to be completed by December 2017. The Ministry of Shipping has decided to execute this project on (Engineering, Procurement & Construction (EPC) mode through the Special Purpose Vehicle (SPV). The project has been undertaken under the National Highway Development & Port Connectivity Programme of the union government.
Due to rapid development in the area on account of development of JN Port, JNPT-SEZ, and the proposed International Airport, etc. it was felt necessary to augment the carrying capacity of the existing road network to 6/8 lane configuration by providing improved facilities comprising of flyovers, railway over bridges, interchanges etc for uninterrupted flow of traffic plying on the road network connecting the Port and the National Highways.
Accordingly, it is now proposed to develop this road network to 6/8 lane configuration with service roads. The NH-4B, Amra Marg & SH-54 were earlier developed to a four-lane facility by the National Highways Authority of India (NHAI) through the Special Purpose Vehicle (SPV) comprising of NHAI, JNPT and CIDCO.

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