As on today only one thing is certain about the funding for Reliance Maha and Navi Mumbai SEZ. Jai Corp a manufacturing company promoted by Anand Jain's family will have a 10% stake in various segments of the SEZ. Here is what we have got to know.
The total cost of SEZs which includes land Acquisition and Development is estimated at Rs 22,800 crore [$5.5 Billion]. Jai Corp will invest Rs 2,280 crore.
Jai Corp is eligible to bid for International Airport, Metro Rail and Trans Harbour Sea Link. Developers for these projects is not yet finalized. Expansion of Rewas Port and establishment of a power plant to fulfill the needs of Mukesh's dream city :-) . A debt equity of 2:1 is assumed for the project.
When completed the Navi Mumbai and Maha Mumbai SEZ together are likely to be valued in Bear Case, Base Case and Bull case as follows - [$22.5Billion] or [$27 Billion] or [$29.5Billion] Stake holders in the project will get a fixed income of 10% of their investment as Income from asset management every year. This is just the valuation for SEZs excluding Airport, Power Plants, Ports etc.
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