J N Port entered into an agreement with SBI & DBS for loan of $400 Million

J N Port entered into an agreement with SBI & DBS for loan of $400 Million

entered into an agreement with SBI & DBS for loan of $400 Million

JNPT Signs Pact for ECB worth $400 Million with SBI and Development Bank of Singapore

The funding by JNPT is the first of its kind for major port and it opens up one more avenue for major and government ports to raise funds by accessing international markets for their requirements.

JNPT Signs Pact for ECB worth $400 Million with SBI and Development Bank of Singapore

India’s premier container port, Jawaharlal Nehru Port Trust in Navi Mumbai, has signed an agreement with State Bank of India and Development Bank of Singapore for External Commercial Borrowing (ECB) to the tune of $400 Million at a “very competitive” interest rate to improve the infrastructure required for “doubling” its existing capacity to 9.85 Million TEUs annually.