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Major ports may raise Rs 50K crore loans in US dollar: Nitin Gadkari

Major ports may raise Rs 50K crore loans in US dollar: Nitin Gadkari

Thursday, April 13, 2017, 6:24 PM

India's 12 major-ports as well as some shipping-entities may raise loans amounting to Rs 50,000 crore in US-dollars at nominal interest-rates to provide fillip to infrastructure, Union Minister Nitin Gadkari said. After Jawaharlal Nehru Port Trust's (JNPT's) $400 million foreign denominated loan, another major Port Kamrajar (earlier Ennore) is in the process of raising $100 million, the Shipping, Road Transport and Highways Minister told.
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