Cyril Amarchand Mangaldas acts as Lender’s counsel to International Finance Corporation on its USD 70,000,000 financing to Jawaharlal Nehru Port Authority
The transaction is India’s first “blue financing” in the maritime sector and the first such blue-finance deal for port infrastructure in the Asia-Pacific region. It also represents the first investment by a multilateral finance institution in an Indian major port, with JNPA set to become the first Indian port to deploy shore power technology at a commercial scale.