Extension will allow prospective bidders more time to study tender details
The Jawaharlal Nehru Port Authority has extended its request for qualifications (RFQ) from bidders in its proposed fourth terminal until next month.
The decision, which will give bidders until August 19th to submit their respective proposals, has been made to provide interested parties with more time to assess tender documents, a port official told the JOC.
A new RFQ was issued last month following the Indian port authority’s decision in September of last year to terminate its contract with PSA International, who had agreed in principle to build and operate the terminal.
Under the new proposals, the restructured project will require an investment of around US$1.4 billion and will include the build of a new two-kilometre quay, supporting infrastructure and the latest container handling equipment. The new terminal will be awarded as a public-private partnership and for a concessional period of 30 years.
When fully developed, the terminal will boast a capacity of around 4.8 million TEU to nearly double the overall capacity, of what is already India’s largest deepwater port, to nearly nine million TEU.
Last year, Jawaharlal Nehru awarded a contact to DP World to both build and operate a smaller 800,000 TEU capacity terminal for $107 million. The new terminal, the Dubai-based operator’s second in Mumbai, is scheduled for completion in 2015.