DP World, PSA International & Adani Group shortlisted for US$74 million project
A tender to build and operate the Port of Chennai’s new container terminal has attracted three bidders.
The deadline for the first stage of the bidding process for the project ended on October 1st, with DP World, PSA International and the Adani Group named as the three organisations vying for the public-private partnership contract.
The project, at a cost of $74 million, will be awarded on a 30-year operating concession, according to the JOC.
Chennai Port Trust (CPT), responsible for the day-to-day running of the Indian port, will revamp the existing Jawahar Dock (East) berth to make way for the new container terminal, which will boast an annual capacity of an estimated 800,000 TEU. Jawahar Dock (East) berth had been used until recently to handle coal. However, the facility has remained dormant since coal handling was shifted to neighbouring Ennore Port.
DP World, PSA International and the Adani Group will now be required to submit their final proposals for the second round of bidding where the successful candidate will be selected. The successful bidder will have two years to complete the entire construction process.