Some parts of this website are currently undergoing development, but exciting updates are on the way. Stay tuned for an exhilarating experience that will keep you captivated! Fair winds and following seas, The DST.news Team.
DST Digital | Best Digital marketing Agency | Digital marketing services
1 2 3 5
Home > All news > Roadways > MTHL will open trade opportunities, attract investments for JNPT: Unmesh Sharad Wagh

MTHL will open trade opportunities, attract investments for JNPT: Unmesh Sharad Wagh

January 13, 2024
Reading Time: 2 minutes

Navi Mumbai - The Mumbai Trans Harbour Link (MTHL) connecting Mumbai with its satellite city, Navi Mumbai, will not only help reduce transit time between the two cities but also open up trade opportunities and attract investments in Navi Mumbai’s Jawaharlal Nehru Port, Shri Unmesh Sharad Wagh, Chairman, Jawaharlal Nehru Port Authority (JNPA) was quoted as saying recently. “MTHL’s proximity to JNPT and direct access to South Mumbai will open up new trade opportunities and attract more business investments in warehousing, cold storage, and value-added services, further boosting the JNPA SEZ’s economy,” Wagh said. The MTHL, also known as Atal Setu, is named after former PM Atal Bihari Vajpayee. It originates from Sewri in Mumbai and terminates at Nhava Sheva in Uran taluka in Raigad district. It has been constructed at an estimated cost of Rs 18,000 crore.

Wagh added that in the first year after MTHL is inaugurated by Prime Minister Narendra Modi on January 12, the enhanced connectivity will result in a substantial decrease in transportation time for cargo movement, thereby elevating JNPT’s overall operational efficiency. The improved operational efficiency will, in turn, contribute to a more streamlined supply chain, leading to reduced operational costs, and raise the port’s competitiveness on a global scale. MTHL is India’s longest sea bridge, spanning 22 km, with a 16.5km extension into the sea. Its influence on the Mumbai Metropolitan Region (MMR) will be profound.

The sea bridge is poised to significantly shorten travel time between Mumbai and Navi Mumbai to just 20 minutes from 2 hours. Wagh added that the time saved in travel is not only expected to increase productivity, empowering JNPA to handle larger cargo volumes, but will also have a positive impact on trade, customer satisfaction, and, ultimately, the overall growth trajectory of the port. “The improved connectivity, particularly in the JNPA vicinity, is expected to attract investments. This infusion of capital will help establish robust logistics and warehousing facilities to generate new jobs,” Wagh said.

He added that the projected expansion of JNPT to 10 million Twenty-foot equivalent units (TEUs) by 2025 will boost MTHL’s significance. “Atal Setu will play a crucial role in decongesting existing road networks, reducing the environmental impact, and enhancing the overall sustainability of JNPA’s operations,” Wagh said.

Today's News
Follow us
facebook | DST NewsTwitter | DST NEWSlinkedin | DST NEWSInstagram | DST NEWSYouTube | DST NEWS

You cannot copy content of this page

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram