MA Bhaskarachar, CMD of Ennore Port informed that the port authority may award contract for its proposed container terminal project soon.
The project has been divided into three phases and the first phase is expected to cost 1,400 crore.
Recently, the port received 11 expressions of interest (EoI) from private port companies for the project, which has been delayed by a year as the successful bidder of the earlier tender backed out last year.
The port will invite Request For Qualification (RFQ) from private port companies to develop the terminal within two months. Request for qualification is an initial round of bidding where companies have to submit their financial and technical expertise for execution of the project.
Dubai Port World, Port of Singapore Authority, APM terminals, L&T are some companies that have shown interest in the project.
The company has also received approval from Sebi to raise tax-free bonds from the public and the issue, which opened on Feb 28, will close on March 15.
According to an official statement, the port said it opened a public issue of tax-free, secured, redeemable, non-convertible bonds to raise up to 500 crore with an option to retain over subscription of up to 500 crore.
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