Unlikely partnerships have emerged in the bidding process for a US$305 million container terminal facility at the Ennore Port in Tamil Nadu, with companies determined to stay in the race till the final lap.
As of Tuesday, the last date for submission of initial bids, 22 entities have applied for building the facility. But Ennore Port, owned by the Indian government, has said only six entities will be pre-qualified to submit financial bids for the facility, which will have an annual capacity of 1.5 million TEUs.
Even after qualifying on financial, technical and experience criteria on their own for these projects, many firms face the threat of elimination because of the six-bidder-per-project rule, said Kshitiz Bhasker, head of business development at Gammon Infrastructure Projects, which has bid for the project along with Spanish logistics and port operator Dragados and Australia’s biggest construction firm Leighton Holdings.
Rival firms and like-minded entities are teaming up to strengthen their chances of pre-qualification and be in the reckoning.
International Container Terminal Services of the Philippines has submitted its bid independently, but DP World has joined forces with IDFC Projects; PSA International of Singapore with ABG Infralogistics; Sical Logistics with Macquarie Group; NYK Line with Hyundai Merchant Marine; Mundra Port and SEZ with Neptune Orient Lines; and GVK Power and Infrastructure with Mitsui and Co.
Similarly, Vedanta Resources has submitted its bid along with Eurogate GmbH; IL&FS Ltd with Punj Lloyd and Pembinaan Redzai of Malaysia; Larsen and Toubro with John Keells Holdings; Lanco Infratech with JSW Infrastructure and Logistics; Terminal Investment with Samsung Heavy Industries, Shipping Corp of India, Concor, CWC and Hind Terminals; Vadinar Oil Terminal with Essar Shipping, Ports and Logistics and Wan Hai Lines.
Saqr Port Authority has submitted its bid with RAK; IMC with ITD Cementation India and Srei Infrastructure Finance; GS Engineering and Construction with Indiabulls Financial Services; and Group Maritime TCB with GE Maritime and Eredene Capital.
As of Tuesday, the last date for submission of initial bids, 22 entities have applied for building the facility. But Ennore Port, owned by the Indian government, has said only six entities will be pre-qualified to submit financial bids for the facility, which will have an annual capacity of 1.5 million TEUs.
Even after qualifying on financial, technical and experience criteria on their own for these projects, many firms face the threat of elimination because of the six-bidder-per-project rule, said Kshitiz Bhasker, head of business development at Gammon Infrastructure Projects, which has bid for the project along with Spanish logistics and port operator Dragados and Australia’s biggest construction firm Leighton Holdings.
Rival firms and like-minded entities are teaming up to strengthen their chances of pre-qualification and be in the reckoning.
International Container Terminal Services of the Philippines has submitted its bid independently, but DP World has joined forces with IDFC Projects; PSA International of Singapore with ABG Infralogistics; Sical Logistics with Macquarie Group; NYK Line with Hyundai Merchant Marine; Mundra Port and SEZ with Neptune Orient Lines; and GVK Power and Infrastructure with Mitsui and Co.
Similarly, Vedanta Resources has submitted its bid along with Eurogate GmbH; IL&FS Ltd with Punj Lloyd and Pembinaan Redzai of Malaysia; Larsen and Toubro with John Keells Holdings; Lanco Infratech with JSW Infrastructure and Logistics; Terminal Investment with Samsung Heavy Industries, Shipping Corp of India, Concor, CWC and Hind Terminals; Vadinar Oil Terminal with Essar Shipping, Ports and Logistics and Wan Hai Lines.
Saqr Port Authority has submitted its bid with RAK; IMC with ITD Cementation India and Srei Infrastructure Finance; GS Engineering and Construction with Indiabulls Financial Services; and Group Maritime TCB with GE Maritime and Eredene Capital.