PSA-Sical cannot participate in the bidding for a US$68.19 million berth project at Tuticorin port following a government directive restricting private sector monopoly in ports, reported The Hindu.
The project is for the conversion of the existing berth into a container terminal on a build, own, transfer (BOT) basis.
“According to the government policy, if there is only one private terminal/berth operator in a port for a specific cargo, the operator of that berth, or his associates, shall not be allowed to bid for the next terminal/berth for handling the same cargo in the same port,” the Tuticorin Port Trust (TPT) said.
Leading companies such as Larsen & Toubro, Afcons and DP World, have shown interest in the project.
According to the business plan of the Tuticorin port, the container traffic forecast for the year 2014-15 will be 1.47 million TEUs against the present capacity of 410,000 TEUs in the present container terminal operated by PSA-Sical, a joint venture between the Port of Singapore Authority and the Chennai-based Sical Logistics.
The project is for the conversion of the existing berth into a container terminal on a build, own, transfer (BOT) basis.
“According to the government policy, if there is only one private terminal/berth operator in a port for a specific cargo, the operator of that berth, or his associates, shall not be allowed to bid for the next terminal/berth for handling the same cargo in the same port,” the Tuticorin Port Trust (TPT) said.
Leading companies such as Larsen & Toubro, Afcons and DP World, have shown interest in the project.
According to the business plan of the Tuticorin port, the container traffic forecast for the year 2014-15 will be 1.47 million TEUs against the present capacity of 410,000 TEUs in the present container terminal operated by PSA-Sical, a joint venture between the Port of Singapore Authority and the Chennai-based Sical Logistics.