Due to a lack of response from bidders, Chennai Port Trust has scrapped the tender issued in April 2008, to set up a container terminal facility at an estimated cost of Rs 3,686 crore.

The company had shortlisted seven firms for the tender. The last deadline extension ended on 26 June 2013 with none of the seven bidders submitting a bid for the planned project which has a capacity of four million standard containers per day.

The project was part of the shipping ministry's plan to seek bids for 30 port projects worth Rs 24,633 crore, by March 2014, to add 288.48 million tonne of cargo-handling capacity at the 12 ports owned by the Union government.

Chennai Port Trust invited tenders three times. It failed to receive price bids in the first round in January 2011. In the second round of bidding in September 2011, only Adani Ports and Special Economic Zone (APSEZ) submitted a price bid, but the port faced revenue share problems with the company.

Chennai Port then price-bid once again from all the seven shortlisted bidders. At that time it ran into revenue share quotation problems with Essar Group.

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