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The country's leading container port JNPT on Saturday said it is adhering to the terms of reference issued by the Ministry of Environment, Forest & Climate Change for prior environmental clearance for development of Vadhavan port. The government had in February approved a proposal to set up a new major port at Vadhavan near Dahanu in Maharashtra at an investment of Rs 65,544 crore. The new port will be developed on a landlord model under a special purpose vehicle (SPV) with Jawaharlal Nehru Port Trust (JNPT) as the lead partner with equity participation equal to or more than 50 per cent to implement the project. Of this,Rs 16,140 crores will be implemented by the SPV in constructing basic infrastructure like breakwaters, rail line/yard and road connectivity, power and water line, internal roads and common amenities, as per JNPT. At present, JNPT and Maharashtra Maritime Board (MMB) are development partners for the prospective port with JNPT holding 74 per cent and MMB the ...
Miners' body FIMI has welcomed the draft Environment Impact Assessment (EIA) notification, and said that it will help to streamline and rationalise the environmental clearance process. In a letter to Ministry of Environment Forest & Climate Change, Federation of Indian Mineral Industries (FIMI) Secretary General R K Sharma said "we believe the draft Notification is a welcome step towards streamlining and rationalising the environmental clearance process, improve objectivity and transparency along with stakeholder participation." FIMI further said it is a welcome step for the mining sector and the streamlined process in the draft EIA Notification, 2020 will attract major investments, reduce imports and create multiple livelihood opportunities in the country, along with necessary environmental protection and effective monitoring mechanism. The draft EIA notification was issued by the environment ministry in March and public suggestions were invited. The present EIA Notification, ...