Ennore Port gets 11 bids for new terminal2 min read . Updated: 26 Jul 2013, 12:24 AM IST
New terminal will have a capacity to load 1.4 million standard containers a year from a berth length of 730 metres
Bangalore: Ennore Port Ltd in Tamil Nadu received 11 initial bids from private groups for building a 1,270 crore container loading facility when the deadline for submissions ended Thursday.
Those that have applied are Adani Ports and Special Economic Zone Ltd; PSA Chennai Investments Pte Ltd; APM Terminals Management BV; Hindustan Ports Pvt. Ltd (the Indian arm of Dubai’s DP World Ltd); Essar Ports Ltd; Sterlite Ports Ltd; L&T Infrastructure Development Projects Ltd; Gammon Infrastructure Projects Ltd; consortium of Bollore Africa Logistics and Megalift Material Handling Pvt. Ltd; consortium of Indian Molasses Co. Ltd and SEW Infrastructure Ltd; consortium of Hyundai Engineering and Construction Co. Ltd and Concast Infratech Ltd, said an Ennore Port spokesman.
Ennore Port is India’s only Union government-controlled port that is run as a company; the others operate as trusts.
The new terminal will have a capacity to load 1.4 million standard containers a year from a berth length of 730 metres. However, the winning bidder has the flexibility to build the 730m berth in two phases, starting with a berth length of 400m that can handle 800,000 standard containers a year costing ₹ 750 crore and scale it up to 730m to load 1.4 million standard containers a year over a period of three to four years, the port spokesman said.
The terminal is a part of the shipping ministry target to award 30 port projects by March 2014, involving a combined private investment of ₹ 24,633 crore, which will add 288.48 million tonnes of cargo-handling capacity at the ports owned by the Union government.
The container terminal was slated to open by the end of the year if an earlier contract had gone through. But a consortium led by Grup Maritim TCB SL, Spain’s biggest port terminal operator, which had won the right to build the facility with an investment of ₹ 1,407 crore, walked out of the deal in September 2012 after it failed to arrange funds for the terminal despite three extensions. Consortium members included Obrascon Huarte Lain SA, Lanco Infratech Ltd and Eredene Capital Plc.
Ennore port has now decided to split the project into three separate terminals, each having a berth length of 730m and designed to load 1.4 million standard containers a year.
In the earlier tender, the private developer had to construct the facility in two phases—each with a berth length of 1,000m and capable of loading 1.5 million standard containers a year.
Ennore port has meanwhile sought government permission to sell tax-free bonds worth ₹ 500 crore during the fiscal year ending March to fund channel-deepening and rail-road augmentation works at the port, the port spokesman said.
In the year ended March, Ennore Port raised ₹ 94.65 crore from the sale of tax-free bonds.