Mumbai - Just weeks before Maharashtra goes to polls to elect a new government, the state cabinet led by Eknath Shinde has approved a suo moto proposal submitted by JSW Infrastructure Ltd to build a new port at Murbe in Maharashtra’s Palghar district with an investment of some Rs4,259 crores, multiple sources said.

The cabinet approval has not yet been made public and the state government is expected to issue a letter of award to JSW Infrastructure for developing the new port for a concession period of 70 years in the next few days . . .