New Indian Container Terminal: Global Bids Invited

India's largest major port, Kandla Port Trust (KPT) invites global bids for setting up a container terminal at nearby Tuna -Tekra.

The port authority has invited expression of interests (EOIs) from global majors for setting up the container terminal on build, operate and transfer (BOT) basis for container vessels having capacity up to 18000 twenty-foot equivalent units (TEUs) reports the Business Standard.

The project will be developed on public private partnership (PPP) basis with 30 years of concession period for the operator. According to official sources, the bidders will be required to prepare a feasibility study report along with a statement of total investment required and expected revenue generation.

According to officials, the partner for the terminal project will be appointed by the end of the financial year 2013-14. The last date for submission of EOI's is April 2, 2013.