MUMBAI : JSW Infrastructure announced that it has received has Letter of Intent from Maharashtra Maritime Board (MMB) for “Development, Operation, Management and Maintenance of an All Weather and Multipurpose Port at village Murbe in Palghar District of Maharashtra” on Public Private Partnership (PPP) basis – Design, Built, Own, Operate and Transfer (DBOOT) Model.

The LOI is valid for the period of 24 months, with a further extension clause. The royalty payable is based on per metric ton which will be escalated in the block period of 5 years. The remaining terms and condition will be governed . . .