Adani Ports and Special Economic Zone (APSEZ) will build Ennore Port's new container terminal
APSEZ, Indians largest private port operator has emerged as the victor in securing rights to build a Rs. 1,270 Crore Terminal at Ennore Port, Tamil Nadu, according to The Hindu.
This will be APSEZ’s first container loading facility located on the country’s eastern coast. An official confirmation is expected to be made this Friday.
The company runs container terminals at both Hazira and India’s biggest private port, Mundra.
Out of the 11 pre-qualified bidding groups APSEZ placed the highest revenue share price bid of 37% for a chance to build the terminal.
Hindustan Ports Private Ltd, the Indian holding company of Dubai’s DP World, offered 27.05%.
The size of APSEZ’s bid forced the remaining 9 groups, including PSA International Pte Ltd, APM Terminals Management BV, Sterlite Ports Ltd, Gammon Infrastructure Projects Ltd, and L&T Infrastructure Development Projects Ltd, to avoid placing bids altogether.
The proposal stipulates that the selected firm has to construct the terminal over a period of 45 months. There is flexibility to build this in stages: starting with a berth of 400m with an annual capacity of 800,000 TEU to be built in 27 months.
The completed terminal is expected to have a berth length of 730m an annual capacity of 1.4m TEU.