CapitaLand India Trust bags 5-year construction loan of $214m

CLINT will use the loan for its Navi Mumbai data centre.

CapitaLand India Trust (CLINT) secured a five-year construction loan of INR13b ($214m) from J.P. Morgan India to finance the phase 1 development of its data centre in Navi Mumbai. 

Construction of the data centre has begun and is slated for completion by mid-2025. 

The data centre will have a power capacity of 108 MW to service global technology giants, cloud service providers, and large domestic enterprise clients.

“The financing of CLINT’s data centre in Navi Mumbai reinforces our commitment to support the long-term growth strategies of our clients. CLINT’s project also helps to pivot the transformation of the digital economy in India. We are very pleased to have partnered with CLINT on this milestone and look forward to our continued collaboration,” Wai Mei Hong, senior country officer and head of Corporate Banking for J.P. Morgan Singapore, said.