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Maharashtra

Navi Mumbai: Jawaharlal Nehru Port Authority Appoints IDBI Capital As Transaction Advisor To Raise Funds For Controversial Vadhavan Project

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The Jawaharlal Nehru Port Authority (JNPA) has appointed IDBI Capital Markets and Securities Ltd as the transaction advisor to raise funds for the ambitious Vadhavan Port. The Port authorities and IDBI Capital has also held preliminary discussions with potential funding agencies to raise funds for the mega project.

“While the initial funding will come from the equity contributions of the Port promoters, the debt will be raised in a phased manner subject to finalisation of project structuring and timeline of revenue generation on the back of award of concessions to private firms for running cargo terminals,” a senior JNPA official said not wishing to be named.

Port awaits environmental and coastal clearance

JNPA will develop Vadhavan Port in Dahanu taluka of Palghar district with the participation of the Maharashtra government and Maharashtra Maritime Board (MMB). A memorandum of understanding (MoU) was signed on June 5, 2015 to set up a new port at Vadhavan as a major port to be notified under the Indian Ports Act, 1908 by the Government of India. This port will be jointly implemented by JNPA and MMB with a shareholding of 74 per cent and 26 per cent respectively. The port will be developed on the Landlord Port concept.

The proposed Port is currently awaiting environmental and coastal clearance from the Ministry of Environment, Forests & Climate Change (MoEF&CC). A committee of the Pollution Control Board recently held a public hearing to address environmental concerns for the Greenfield port. The hearing was held in the presence of Deputy Collector of Daman, Dadara & Nagar Haveli, which was attended by the various stakeholders and representatives of fisherman community.JNPA identified sand borrow pit at around 50 km to 60 km in the Arabian Sea from the proposed Vadhavan Port and about 50 km from Daman Coast for obtaining 200 Million CuM sand by dredging to create land at the proposed Vadhavan Port. In the public hearing held as per the directions of the MoEF&CC, various concerns raised by the stakeholders were addressed and the hearing went smoothly. The minutes of the public hearing would be forwarded to MoEF&CC to obtain comprehensive Environment Clearance for the development of Vadhavan Port.

Environmentalists oppose the port

The Rs 76,220 Crore Greenfield Port at Vadhavan in Dahanu Taluka of Palghar district has been opposed by the environmentalists claiming the port is an ecological disaster in waiting.JNPA had signed a memorandum of understanding (MoU) worth ₹20,000 crore with global logistics operator DP World at the Global Maritime India Summit in Mumbai, for the development of the Vadhavan port. JNPA said the Vadhavan port is JNPA’s one of the most ambitious projects that will be able to handle almost 24 million TEUs, making it among the top 10 in the world.

Maharashtra

Thane: Fire Erupts In Dev Corpora At Cadbury Junction, 10 Rescued, Cooling Operations On

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Thane: A major fire broke out at the 16-floored Dev Corpora commercial tower near Cadbury junction, off Eastern Expressway in Thane. The blaze erupted on the 11th floor at the office of Jijau Foundation around 11.51 pm and total 10 people were evacuated by the firefighters. No injuries are reported in the incident.

The fire was doused at 4 am on Wednesday and cooling operations are underway, informed Thane Municipal Corporation (TMC). Of the people rescued, five are residents of Dombivali, four from Thane and rest from Mumbai city.

As per the disaster management of TMC, “A total of 10 persons who were trapped in the building due to the spread of fire and smoke at the incident site have been safely evacuated. One person was trapped on the 1st floor in Santanti Test Tube Baby Centre and nine persons were trapped in the Isha Netralaya on the seventh floor.”

The statement released by TMC said that the fire was reported at disaster management control room at 11.51 pm. The blaze was at Cadbury Junction, East Expressway side, at Siddheshwar, Khopat, Thane West. The fire broke out in the office of Jijau Foundation on the 11th floor of the building and a large amount of smoke spread throughout the building, it added.

Three Fire vehicles, One Rescue vehicle and One Branto along with Disaster Management Cell personnel with One Pickup vehicle and TDRF personnel were rushed to the spot. Chief Fire officer was also present on the spot.

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Maharashtra

Thane: 5 Arrested For Assaulting And Robbing 35-Year-Old Truck Driver On Mumbai-Pune Expressway

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Thane, Sep 17: Five persons have been arrested for allegedly assaulting and robbing a truck driver on the Mumbai-Pune Expressway in Maharashtra’s Thane district, police said on Tuesday.

The police on Monday arrested the accused in connection with the incident that occurred on September 9, an official said. The accused allegedly attacked a 35-year-old truck driver who had stopped on the side of the road. They threatened and assaulted him and stole two mobile phones and Rs 23,000 cash, he said.

The accused, Rohan Naik (24), Rohidas Pawar (23), Atish Waghmare (26), Bhanish Waghbhare (35), and Shankar Waghmare (18), were apprehended from the Khopoli area of Raigad district, the official said, adding that three more accused are absconding.

Stolen property worth Rs 48,000, including mobile phones and cash, were recovered from the arrested accused, he said.

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Maharashtra

Maharashtra: MLA Nawab Malik’s Son-In-Law Sameer Khan Injured In Kurla Car Accident; Visuals Surface

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Mumbai: Maharashtra MLA Nawab Malik’s son-in-law sustained injuries after his car met an accident in Kurla, said police, adding that Sameer Khan is undergoing treatment.

According to Mumbai police, the incident occurred when Nawab Malik’s daughter and son-in-law were returning after a routine check-up at a hospital.

Statement Of Mumbai Police

“When they were getting into the car, the car driver accidentally pressed down the accelerator, and the car hit a wall. Sameer Khan sustained injuries on his head and is currently in ICU,” informed Mumbai Police.

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