Asian Development

Asian Development Bank Approves $131 Million Loan for Upgrading Jawaharlal Nehru Port Container Terminal

Asian Development Bank Approves $131 Million Loan for Upgrading Jawaharlal Nehru Port Container Terminal

The Asian Development Bank (ADB) and Nhava Sheva Freeport Terminal Private Limited (NSFTPL) have signed a $131 million loan agreement to upgrade the Jawaharlal Nehru Port Container Terminal in Navi Mumbai, India. The upgrade aims to enhance international trade in India through efficient, transparent, and state-of-the-art logistics infrastructure. NSFTPL is a special purpose vehicle jointly…