By Accommodation Times News Services
Prime Minister Shri Narendra Modi is to lay the foundation of a Port- Based Multi-product Special Economic Zone (SEZ) at the prestigious Jawaharlal Nehru Port Trust (JNPT) at Sheva, Navi Mumbai on Saturday, August 16, 2014.
This industrial infrastructure project is to be established on 277 hectares with a total Public and Private investment of about 4,000 Crore rupees. This is being planned as a Self-Sustainable Integrated Development Project having a potential of generating over 1.5 lakh direct and indirect jobs.
The ambitious SEZ to be developed through JNPT-SPV (Special Purpose Vehicle) under the Engineering, Procurement & Construction (EPC) mode is scheduled to be completed within three years. With a focus on the upcoming sectors of India, the SEZ will develop Free Trade Warehousing Zone, Engineering Goods Sector, Electronics and Hardware Sectors, Non- Conventional Energy Sector, Multi Services (IT and Healthcare) Sectors and Apparel and Textiles Sectors.
Shri Modi, is also scheduled to lay the foundation of a Port Connectivity Highway Project at the JNPT and also allot land to the JNPT Project Affected Persons (PAPs) under the 12.5% scheme of Maharastra government implemented by the City and Industrial Development Corporation of Maharastra Ltd.
Various projects have been expedited by the Union Minister of Road Transport, Highways & Shipping & Rural Development, Shri Nitin Gadkari over the last two months. These projects in Mumbai are to be inaugurated as part of these measures.
The Port Connectivity Highway Project with a Cost of about Rs.1927 Crores is 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.
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 & CIDCO.