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DP World, APM Terminals and Essar Ports among long list of prospective bidders for new 1.4 million TEU capacity terminal
The proposed new container terminal at India’s Ennore Port received as many 11 bids from private groups and investors before last weeks deadline for submissions.
Bidders for the new Rs. 1,270 crore box facility included respective offers from the Indian port operating arm of DP World Hindustan Ports, Adani Ports and Special Economic Zone, PSA Chennai Investments, APM Terminals and Essar Ports, an Ennore Port spokesman told the Wall Street Journal.
Ennore’s new terminal will include a 730-metre quay and will be capable of handling 1.4 million TEU annually. The successful bidder though will have the option of building the terminal in two phases, which would see an initial 400-metre quay constructed, capable of handling around 800,000 TEU, at a cost of Rs.750 crore, before being extended to 730 metres over a period of four years, the spokesman added.
India’s shipping ministry has earmarked Rs.24,633 crore for as many as 30 port related projects by March next year, which will boost the country’s cargo handling capacity by around 288.48 million tonnes.
Additional bids for Ennore’s new terminal were made by Sterlite Ports, L&T Infrastructure Development Projects, Gammon Infrastructure Projects, and three separate consortiums made up of Bollore Africa Logistics and Megalift Material Handling, Indian Molasses Co. Ltd and SEW Infrastructure, and finally Hyundai Engineering and Construction Company and Concast Infratech.
