Gammon India has emerged as the leading bidder for Mumbai Port Trust's Rs.1,200 crore offshore container terminal.The offshore container terminal that would add an additional capacity of 15 million tonnes.

Gammon India quoted a winning revenue sharing ratio of 35.064 per cent while the only other bidder, a consortium led by Larsen & Toubro, quoted 31.122 per cent. The bidding process was held up for over two years due to delays in the Indian government deciding on the involvement of Chinese companies, citing security reasons.

The second container terminal of the Mumbai Port is to be taken up in two phases. The first phase would add 0.8 million teus equivalent to 10 million tonnes and the second 0.4 million teus, taking the total capacity to 15 million tonnes. The BOT operator would spend Rs.866 crore for the project and the remaining funds would be provided by the port trust.

This is part of the over Rs.2,500-crore expansion plan that would double MPTs handling capacity to 90 million tonnes by the end of the 11th five-year plan (2007-12).

After its original partner, Hutchison Port Holdings was refused security clearance, L&T roped in Philippines port major International Container Terminal Services Inc (ICTSI) as consortium partner. Gammon India has tied up with Italian company Dragados SPL and its own subsidiary Gammon Infrastructure Projects.

Also See:

Mumbai Offshore Container Terminal: Two bids received (11-Nov-06)

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