HUDCO and JNPA sign MoU for port infrastructure financing

Housing and Urban Development Corporation Limited (HUDCO) and Jawaharlal Nehru Port Authority (JNPA) formalized a Memorandum of Understanding (MoU) on October 24, 2025. This collaboration aims to explore opportunities for infrastructure development, financing, and refinancing of port infrastructure projects at JN Port. The proposed investment is estimated at INR 5,000 crore, with a projected commencement year of 2025-26.

The MoU focuses on establishing cooperation to explore mutually beneficial opportunities related to project financing for port development and allied infrastructure. This includes projects such as five container terminals, a general cargo berth, a liquid berth, and other related port-led infrastructure initiatives at JN Port. The agreement serves as a non-binding framework for future collaboration, contingent on mutual discussions and the execution of definitive agreements.

While the MoU does not constitute a partnership, joint venture, or agency, it sets the stage for potential financial and legal obligations that will be formalized through separate agreements. Both unmesh sharad wagh, chairman of JNPA, and shri sanjay kulshrestha, chairman & managing director of HUDCO, signed the agreement.