BANKING & FINANCE:
ADB & NSFTPL sign Rs 1066 crore loan agreement to upgrade India’s Jawaharlal Nehru Port Container Terminal
- The Asian Development Bank (ADB) and Nhava Sheva Freeport Terminal Private Limited (NSFTPL) have signed a loan agreement of $131 million or Rs 1066 crore to upgrade the Jawaharlal Nehru Port Container Terminal located in Navi Mumbai, Maharashtra, India.
- The loan will be used to improve the terminal’s infrastructure and increase its container handling capacity.
