JICA Funding

Japan International Cooperation Agency (JICA) is to provide funding for the Vadhavan Port project, 140 km north…

Japan International Cooperation Agency (JICA) is to provide funding for the Vadhavan Port project, 140 km north of Mumbai in Maharashtra. The facility is being developed as a landlord port by Vadhavan Port Project Limited (VPPL), a joint venture (JV) of Jawaharlal Nehru Port Trust (JNPT) as the lead partner with equity participation of 74% and Maharashtra Maritime Board with 26%. Phase I debt requirement is US$2.6bn, with Phase II at US$0.7bn.