A four-year delay in tendering the redevelopment of the Tuticorin port's eighth berth as a container terminal has thrown the project schedule out of gear, the Hindu Business Line reported.
The new container terminal is proposed to be developed at an estimated cost of around US$65 million on a design, build, finance, operate, transfer (DBFOT) basis.
For redeveloping the eighth berth, the Tuticorin port had invited financial bids from four groups, including Larsen and Toubro, Afcons and the Chennai-based Chettinad Group.
According to the Tuticorin Port Trust Chairman, GJ Rao, in last week's hearing on the case filed by PSA-Sical against it being not allowed to bid for the second container terminal, the Shipping Ministry told the Court that it will review the project with new traffic projections.
The principle of not allowing the operator of the first container terminal in a major port to bid for the second container terminal has also been followed in the JN port and the Chennai port, earlier.
PSA-Sical has also benefited from this norm in the case of Chennai port's second terminal. In Chennai port's case, DP World Chennai was not allowed to bid for the second container terminal. Eventually, the consortium of PSA and Sical won the bid for the Chennai second container terminal project.
The new container terminal is proposed to be developed at an estimated cost of around US$65 million on a design, build, finance, operate, transfer (DBFOT) basis.
For redeveloping the eighth berth, the Tuticorin port had invited financial bids from four groups, including Larsen and Toubro, Afcons and the Chennai-based Chettinad Group.
According to the Tuticorin Port Trust Chairman, GJ Rao, in last week's hearing on the case filed by PSA-Sical against it being not allowed to bid for the second container terminal, the Shipping Ministry told the Court that it will review the project with new traffic projections.
The principle of not allowing the operator of the first container terminal in a major port to bid for the second container terminal has also been followed in the JN port and the Chennai port, earlier.
PSA-Sical has also benefited from this norm in the case of Chennai port's second terminal. In Chennai port's case, DP World Chennai was not allowed to bid for the second container terminal. Eventually, the consortium of PSA and Sical won the bid for the Chennai second container terminal project.