Concession agreement signed between JNPA JM Baxi Ports and Logistics Ltd. - CMA Terminals over JNPCT Terminal

Jawaharlal Nehru Port Authority (JNPA), India’s best performing Port, signed a concession agreement with JM Baxi Ports and Logistics
Ltd. - CMA Terminals on July 29, 2022. JNPA becomes India’s first 100% Landlord, Major Port. The new name of the JNCPT will be NHAVA SHEVA FREEPORT TERMINAL PRIVATE LIMITED. The agreement was signed in the presence of Shri Sanjay Sethi, IAS, Chairman, JNPA, Shri Unmesh Sharad Wagh, IRS, Dy. Chairman, JNPA, Shri Dhruv Krishna Kotak, MD, J M Baxi Group, Shri
Atit Mahajan, MD, CMA CGM (INDIA), and all the HODs of JNPA. Speaking at the occasion Shri Sanjay Sethi, IAS, Chairman, JNPA said, “JNPCT is now a PPP terminal, the successful bidder being a consortium of J M Baxi and CMA Terminals. The concessionaire has to upgrade, operate, maintain and transfer this terminal on PPP basis in two phases. JNPA will continue to develop and provide new infrastructure. Many of the major global ports are today landlord facilities, whose key responsibilities include marketing. We will now be taking up marketing in a more streamlined manner, with the Authority doing common port business development.” The Phase-I of the project will be completed in 18 months from the date of award of the concession agreement. The development of Phase-II will commence after achieving 1.02 million TEUs or seven years, whichever is earlier. The Jawaharlal Nehru Port Container Terminal (JNPCT) has 2 berths with a total length of 680m and 15m draft which will be handed over under this PPP contract along with the backup area of 54.74 hectares for 30 years.