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Vizag port to get Rs 633 cr container terminal

Vizag port to get Rs 633 cr container terminal
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Visakhapatnam Port has revised plans to finalise bids for extension of the existing container terminal at a cost of Rs 633 crore.
After scrapping the Letter of Award issued to Visakha Container Terminal to extend existing terminal following serious differences over sharing of revenue, the board of trustee of the port decided at its recent meeting to issue Request for Proposals (RFP) among seven firms who were declared qualified.

On last September 18, the port authorities began selling bid documents. As per the time-table, October 17 is the last date for receiving queries. The bids will be opened on November 11. The Letter of Award will be issued within 30 days of bid due date.

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