A consortium led by PSA International, the world's second biggest container port operator, has emerged the highest bidder to build India's largest container terminal yet, by capacity and cost, at the Jawaharlal Nehru Port (JNPT).
Government sources say PSA, along with local partner ABG Ports, have offered a revenue share of 50.82 per cent to the government-owned port. The bidder willing to share the highest quantum from its annual revenue with JNPT gets the contract.
The port's fourth terminal will have a capacity to handle four million standard containers a year, a berth length of 2 km, and can accommodate seven ships at a time, compared with two-three vessels at other terminals in India.
The other bidding groups were DP World; Mundra Port and Special Economic Zone (MPSEZ) by Adani, Isolux Corsan Concessions SA; GVK Developmental Projects, Samsung C&T Corp, and Sterlite Industries (India) Leighton Contractors (India).