For expanding its existing container terminal, the Visakhapatnam Port Trust (VPT) has revised plans in place to confirm bids at a cost of Rs 633 crore. The VPT board has decided to issue Request for Proposals (RFP) among 7 companies who were declared qualified for the task.
VPT decided so after scrapping the Letter of Award issued to Visakha Container Terminal Private Limited (VCTPL) to extend existing terminal following serious differences over sharing of revenue. The VPT began selling bid documents on September 18.
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