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IWAI re-invites bids for multi-modal terminals at Varanasi, Sahibganj

Thursday, 01 Jul 2021
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The Inland Waterways Authority of India (IWAI) has re-invited bids for privatising the multi modal river terminals at Varanasi in Uttar Pradesh and Sahibganj in Jharkhand after scrapping earlier tenders that received single bids.

Adani Ports and Special Economic Zone (APSEZ) was the lone bidder for the Varanasi multi modal terminal while Hindustan Infralog, a joint venture between Dubai-government owned D P World and India’s National Investment and Infrastructure Fund (NIIF) was the single bidder for the Sahibganj terminal, in the earlier round of bidding.

The tenders were scrapped because the projects attracted single bids. As per the Central Vigilance Commission guidelines, single bids cannot be accepted.

The multi-modal terminals at Varanasi, Sahibganj and Haldia were built by the IWAI as part of the Jal Marg Vikas Project (JVMP), the 1,390 km long Varanasi to Haldia stretch along river Ganga, with USD 375 million loan from the World Bank.

IWAI floated a fresh global tender for the Varanasi terminal on 28 June 2021. Potential bidders have time until 25 July 2021 to file their qualification documents.

The global tender for the Sahibganj terminal was issued 30 June 2021 with 14 August 2021 as the deadline for submission of initial bids.

The government has retained the tender terms in the fresh round of bidding without any changes. This is the third attempt by IWAI to privatise the two terminals.

The multi-modal terminals at Varanasi and at Haldia are being privatised on the equip, operate and transfer (EOT) model. The Varanasi contract will have a tenure of 10 years which can be extended by two years.

IWAI had sought bids for the Sahibganj terminal on operate, manage and develop (OMD) model for a concession period of 30 years. The successful bidder will also undertake operation and management (O&M) of the proposed Ro-Ro terminal at Sahibganj.

The contracts will be awarded to the entity quoting the highest royalty per metric ton of riverine cargo handled at each of these terminals to IWAI.

Additionally, for non-riverine cargo handled at the terminals, the private operator will have to pay royalty calculated on the royalty quoted for riverine cargo plus a premium of 20 percent.

Riverine cargo refers to cargo transported to and/or from the terminal through waterways. Non-riverine cargo are those other than riverine cargo.

IWAI has set cargo and vessel related charges at these terminals.

IWAI has received four bids for privatisation of the multi-modal terminal at Haldia. The bids submitted by APSEZ, Hindustan Infralog, Orissa Stevedores and IRC Natural Resource are currently undergoing security clearance by the government, a mandatory process for maritime projects.

The Haldia contract will have a concession period of 10 years which can be extended by five years.

 
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