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Our Bureau

Mumbai , Nov. 29

THE Jawaharlal Nehru Port Trust (JNPT) is close to tying up with banks and financial institutions to raise part of the Rs 800-crore investment for implementation of its channel dredging project.

After getting the clearance from the Government some time ago, the port has initiated dialogues with banks and FIs to mop up part of the proposed investment, with the remaining to come from the port's internal accruals.

JNPT is keen on hastening implementation of the project, as draft limitations have been keeping bigger vessels out of the port. With the shipping trend increasingly moving towards bigger vessels, especially in the container segment, the port is attaching high priority to the dredging project.

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