Home » JNPT in the process of selecting firm for Rs 80 bn project

JNPT in the process of selecting firm for Rs 80 bn project

JNPT in the process of selecting firm for Rs 80 bn project

Recently, the authority of Jawaharlal Nehru Port Trust (JNPT) opened the request for qualifications for the Rs 8,000-crore fourth container terminal project.

JNPT plans to set up the fourth terminal with a capacity of 2.4 million TEUs or standard truck units and a berth of 2 km, making it among the biggest in the country.

The country’s largest port is learnt to have received interest from eight players, including Adani Ports, Essar Ports and Dubai Port World for the project.

Other interested parties include Port of Singapore Authority, JM Baxi & Company, Mediterranean Shipping Company and Sterlite Ports.

JNPT would go through the documents submitted by the companies and would decide if they qualify to bid or not. Following the qualification, the selected candidates will have to take a security clearance from the Union home ministry. Those firms would be invited to bid for construction who clear the qualification and security scrutiny.

JNPT called fresh bids for the fourth container terminal project after a consortium of PSA and ABG Shipyards declined to sign concession agreement. The consortium bagged the contract by offering to share a surprising 51 per cent revenue share with the government. The project has been delayed by three years owing to this reason.

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