Nhava Sheva Container Terminal Financing Project (ADB-56272-001)

Regions
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • India
Geographic location where the impacts of the investment may be experienced.
Specific Location
Sheva Island, Mumbai, Maharashtra
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jan 17, 2023
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Nhava Sheva Freeport Terminal Private Limited
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 131.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 131.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Media Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Feb 13, 2023

Disclosed by Bank Jan 27, 2023

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to ADB, Jawaharlal Nehru Port Authority is under process of re-development of Jawaharlal Nehru Port Container Terminal (JNPCT) through public-private partnership on upgradation, operation, maintenance and transfer basis to increase JNPCT’s maximum capacity to 1.8 million TEUs annually. The work has been awarded for 30-year built operate and transfer concession to Nhava Sheva Freeport Terminal Private Limited (NSFTPL).

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Nhava Sheva Freeport Terminal Private Limited (NSFTPL) is a special purpose vehicle established as a consortium between JM Baxi Ports and Logistics Limited and CMA Terminals (100% subsidiary of CMA CGM Group). The special purpose vehicle was formed for operation of (JNPCT) which is currently being operated by Jawaharlal Nehru Port Authority (JNPA). Concessionaire Agreement was executed between JNPA and NSFTPL on 29 July 2022 for upgradation, operation, maintenance and transfer of JNPCT on Public-Private Partnership basis.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - CMA-CGM Group Parent Company Industry and Trade
- - - - JM Baxi Ports & Logistics Ltd Parent Company Industry and Trade
- - - - Nhava Sheva Freeport Terminal Private Limited Subsidiary -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ADB Team Lead:

Japnit Kaur - Private Sector Operations Department
Phone: +63286325280     

No other available contacts at the time of disclosure.

CMA CGM Group:

Head Office, Marseille
Boulevard Jacques R.Saadé
4, quai d'Arenc 13235 Marseille cedex 02 France 
Phone: +33 (0)4 88 91 90 00
Fax: +33 (0)4 88 91 90 95
Website: www.cmacgm-group.com/en/

JM Baxi Ports & Logistics Limited:

Address:
Godrej Coliseum, 10th Floor,
1001- A & B Wing, Everard Nagar,
Sion East, Mumbai 400 022.
Maharashtra, INDIA
Telephone:+91 22 6153 7900
E-mail: corp@jmbaxi.com
Website: www.jmbaxi.com 

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main.

How it works

How it works