MUMBAI: The fourth container terminal development project at the Jawaharlal Nehru Port Trust (JNPT) was awarded to M/s PSA Bharat Investment Pte Ltd, said a press release.
The company quoted the highest percentage of revenue share of 36% and this was approved by the Board of Trustees of JNPT on Thursday. The project has been awarded on a Design, Build, FInance, Operate and Transfer basis.
The project for development of the 4th container terminal at JNPT, with a quay length of 2000 metres and a capacity of 4.8 million TEUs per annum at an estimated project cost of Rs.7915 crores was bid out by the Jawaharlal Nehru Port Trust through a global tender notice issued in June last year.
In response, eight bidders submitted their Request for Qualification (RFQ), out of which RFP was issued to seven qualified bidders in December last year. On February 20, two bidders _ M/s PSA Bharat Investments Pte. Ltd. and M/s Adani Port &
SEZ Limited in consortium with Terminal Investments Ltd., SA, submitted their price bids and these were opened on the same day itself.
The company is required to sign the Concession Agreement within 30 days, said the release.
Source : timesofindia.indiatimes.com