NIIF-DP World JV bags JNPT deal.

A joint venture of DP World Ltd. and India’s National Investment and Infrastructure Fund Ltd (NIIF) has outbid four other groups to develop a free trade warehousing zone (FTWZ) on 44 acres at the special economic zone (SEZ) being developed by Jawaharlal Nehru Port Trust (JNPT).

Hindustan Infralog Private Ltd (HIPL), the JV floated by the Dubai-government owned port operator DP World and NIIF, quoted Rs. 12.8 crore per acre (total Rs. 563.2 crore) to emerge the highest bidder, a Shipping Ministry official told BusinessLine .

HBL