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Ennore port to invite fresh RfQs for terminal project

Friday, 17 May 2013

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Ennore port is planning to invite fresh RfQs for its container terminal project at Tiruvallur district of Tamil Nadu.

RfQs will be invited for developing a mega container terminal at Ennore, as Eredene Capital PLC, a UK-based infrastructure fund has withdrawn from the Ennore Port container terminal project due to economic slow down. The port expects to award the tender before December and the project is likely to be completed in 30 months. The size of the terminal has been revised from the earlier 1,000 mtrs to around 750 mtrs.

Earlier in August 2010, Ennore Port had signed a concession agreement with Bay of Bengal Gateway Terminals (BoB) to develop the container terminal at Ennore port. Eredene Capital PLC was one of BoB's project partners.

The Rs 1,407 crore project will come up in two phases. It will be constructed on BOT mode involving public-private partnership for a concession period of 30 years. Phase I is expected to cost Rs 1,270 crore and would have a capacity to handle 1.4 million tonne.

As a part of this, as many as 11 major companies including L&T, PSA and Maersk have shown an interest in participating in the bidding process.

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