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MbPT offshore terminal: 11 bidders shortlisted

Wednesday, 13 Jul 2005
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Mumbai Port Trust has shortlisted 11 bidders for its proposed Rs.1,197 crore offshore container terminal project, bidding for which closed on 11 March 2005.

These bidders will now submit their requests for proposal (RfP) after which the successful bidder would be announced.

The short-listed bidders include foreign operators such as P&O Ports, Dubai Ports Authority, Maersk, Evergreen Marine of Taiwan and Mistui OSK of Japan, apart from Indian players such as L&T, Adani Ports, United Liner Agency of the JM Baxi Group, Gammon India and ABG Heavy Industries. MbPT rejected the bid of Casby Logistics as it did not meet the requirements of finance and experience laid down by the port.

When the port had invited bids for the project for the first time, in 2004, there was not a single bid. The port attributed the poor response to the uncertainty over the projected traffic potential and cargo evacuation constraints. The bidding process of MbPT's project also coincided with that for the third container terminal at the neighbouring Jawaharlal Nehru Port.

Over the past one year, MbPT incorporated a series of incentives to make the project attractive. Some of these are:

1. MbPT would offer the existing Ballard Pier Estate container berth to the successful bidder. With this, the successful bidder could start earning revenues even as offshore container terminal takes shape.

2. MbPT has assured to improve the cargo evacuation facilities by providing better rail and road linkages.

3. The cost of deepening the channel to 15m, which is around Rs.100 crore, would be borne by MbPT unlike in the previous proposal which envisaged this project segment as the developer's responsibility.

4. MbPT would be willing to offer container freight station (CFS) space to the successful bidder if it (the bidder) wants to set up its own CFS.

The project envisages setting up of a offshore container terminal having three berths on BOT basis. Phase I of the project involves construction of two berths with a total capacity of 0.8 million TEUs followed by the third berth that would take capacity to 1.2 million TEUs in Phase II. The first right of refusal to develop the third berth would rest with the selected developer of Phase I.

Also See:

MbPT offshore container terminal: 12 bids received (21-Mar-05)

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