Two bidders have shown interest in developing the Rs.3,686-crore mega container terminal, north of the Bharti dock, at the Chennai Port Trust (ChPT), reports The Hindu.
Adani Ports and Special Economic Zone and a consortium of Essar Ports Ltd and Vadinar Oil Terminal Ltd have submitted their bids, which will be reviewed soon.
The bidder will be in charge of constructing 4.5 km of breakwater, 2 km of quay length and convert the water front into 225 acres of land. ChPT will provide Rs.561 crore for purchasing tugs, floating crafts, dredging and navigational aids.
The mega container terminal will have a capacity to handle four million Twenty-Foot Equivalent Units (teus) per annum. It will be constructed on ‘build, own and transfer’ basis for a lease/concession period of 30 years and the private operator will invest Rs.3,125 crore on berth and breakwater construction, reclamation of backup area, handling equipment and other landside infrastructure.
World Maritime News Staff, March 23, 2012;