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Source: The post is based on the article “Jawaharlal Nehru Port becomes first 100% Landlord Major Port of India” published in PIB on 21st July 2022.
What is the News?
Jawaharlal Nehru Port(JNP) has become the first major landlord port in India following the awarding of a private tender to expand Jawaharlal Nehru Port Container Terminal(JNPCT).
What is the Landlord Port Model?
In the landlord port model, the publicly governed port authority acts as a regulatory body and as a landlord while private companies carry out port operations—mainly cargo-handling activities.
Here, the port authority maintains ownership of the port while the infrastructure is leased to private firms that provide and maintain their own superstructure and install their own equipment to handle cargo.
In return, the landlord port gets a share of the revenue from the private entity.
What is Jawaharlal Nehru Port Authority(JNPA)?
Jawaharlal Nehru Port Authority(JNPA) is located in Navi Mumbai and was commissioned in 1989.
It is the premier container handling port in India accounting for around 50% of the total containerized cargo volume across the major ports of India.
It is ranked 26th among the top 100 global ports (as per Lloyd’s List Top 100 Ports 2021 Report).