Fourteen companies have responded to an initial bidding call for a US$5.78 million port project in south India, reported Dow Jones Newswires.
Companies such as GMR Infrastructure, GVK Power & Infrastructure and Reliance Infrastructure are among the initial respondents for the Vizhinjam port project.
Patel Engineering, Sterlite Industries (India) and Shipping Corp of India also plan to bid for the project, either on their own or through a consortium.
Promoted by the Kerala state government, the project entails the development and maintenance of the Vizhinjam port, which will handle local cargo – both general and container.
The winning bidder will invest $2.14 million in the project, while the local government will put in the remaining $3.64 million.
The port is expected to start operations in 2015 and will likely post revenue of $7 million from its container operations in the first year. The container revenue is estimated to grow to $35 million by 2020.
The names of companies clearing the first stage of bidding will be announced on January 19.
Companies such as GMR Infrastructure, GVK Power & Infrastructure and Reliance Infrastructure are among the initial respondents for the Vizhinjam port project.
Patel Engineering, Sterlite Industries (India) and Shipping Corp of India also plan to bid for the project, either on their own or through a consortium.
Promoted by the Kerala state government, the project entails the development and maintenance of the Vizhinjam port, which will handle local cargo – both general and container.
The winning bidder will invest $2.14 million in the project, while the local government will put in the remaining $3.64 million.
The port is expected to start operations in 2015 and will likely post revenue of $7 million from its container operations in the first year. The container revenue is estimated to grow to $35 million by 2020.
The names of companies clearing the first stage of bidding will be announced on January 19.