In order to attract more bidders for its proposed Rs 8,200 crore fourth container terminal project, the Jawaharlal Nehru Port Trust (JNPT) relaxed selection norms for contractors.
The port authority invited initial bids for constructing the terminal with a capacity to load 4.8 million standard containers a year. That will make it IndiaÂ’s biggest single-container terminal by capacity and cost.
According to the relaxed norms, the port authority allowed developers who have earned at least Rs 3,957 crore from relevant infrastructure business to bid for the project. The existing norm allowed only developers who earned at least Rs 15,900 crore from such business.
Further, the port deleted a clause in the tender to shortlist only six applicants for submission of price bids.
Bidders have time until July 19 to submit their qualification documents for the project.
During 2012-13, the port handled 4.26 million containers, operating at more than its designed capacity of 3.6 million.
JNPT has three container terminals — one run by the government-owned port itself while the other two are run separately by DP World and a joint venture between APM Terminals Management BV and Container Corp. of India.
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