Monday is a big day for the Vizhinjam International Seaport project. The financial bid, submitted by the Welspun consortium - the sole bidder for the multi-crore project, will be opened by the Bid Opening Committee at 2 pm at the offices of the Vizhinjam International Seaport Ltd at Vazhuthacaudi, IBNLive reports.
Only after scrutiny of the price bid, the State Government can decide on the crucial post of private partner for the project, whose Phase-I is estimated to cost Rs 4,010 crore. It is the private partner who will shell out Rs 970 crore in the first-phase. According to experts, there are two options for the government if the financial proposals of the consortium is unacceptable; call fresh global tenders or go ahead with the Engineering, Construction and procurement (EPC) bids for the construction of the port and wait for a new port operator to turn up.
After the Ministry of Home Affairs denied clearance to the Mundra Ports and SEZ leaving the consortium of Welspun Infratech, Welspun Corp and Welspun-Leighton as the sole bidder, Chief Minister Oommen Chandy had said the government would decide after studying the legal aspects of the issue.
On Friday, VISL, the company overseeing the implementation of the greenfield project, announced the date for opening the bid. The bids will be opened by the Bid Opening Committee in the presence of the Welspun representatives, VISL officials said. Senior Ports department officials also will be present. The findings will be submitted to the scrutiny of the project consultants International Finance Corporation. Their recommendations will go to the Chief Secretary-led empowered committee and from there to VISL and the State Cabinet.
THIRUVANANTHAPURAM: Monday is a big day for the Vizhinjam International Seaport project. The financial bid, submitted by the Welspun consortium - the sole bidder for the multi-crore project, will be opened by the Bid Opening Committee at 2 pm at the offices of the Vizhinjam International Seaport Ltd at Vazhuthacaud.
Only after scrutiny of the price bid, the State Government can decide on the crucial post of private partner for the project, whose Phase-I is estimated to cost Rs 4,010 crore. It is the private partner who will shell out Rs 970 crore in the first-phase. According to experts, there are two options for the government if the financial proposals of the consortium is unacceptable; call fresh global tenders or go ahead with the Engineering, Construction and procurement (EPC) bids for the construction of the port and wait for a new port operator to turn up.
After the Ministry of Home Affairs denied clearance to the Mundra Ports and SEZ leaving the consortium of Welspun Infratech, Welspun Corp and Welspun-Leighton as the sole bidder, Chief Minister Oommen Chandy had said the government would decide after studying the legal aspects of the issue.
On Friday, VISL, the company overseeing the implementation of the greenfield project, announced the date for opening the bid. The bids will be opened by the Bid Opening Committee in the presence of the Welspun representatives, VISL officials said. Senior Ports department officials also will be present. The findings will be submitted to the scrutiny of the project consultants International Finance Corporation. Their recommendations will go to the Chief Secretary-led empowered committee and from there to VISL and the State Cabinet.
Only after scrutiny of the price bid, the State Government can decide on the crucial post of private partner for the project, whose Phase-I is estimated to cost Rs 4,010 crore. It is the private partner who will shell out Rs 970 crore in the first-phase. According to experts, there are two options for the government if the financial proposals of the consortium is unacceptable; call fresh global tenders or go ahead with the Engineering, Construction and procurement (EPC) bids for the construction of the port and wait for a new port operator to turn up.
After the Ministry of Home Affairs denied clearance to the Mundra Ports and SEZ leaving the consortium of Welspun Infratech, Welspun Corp and Welspun-Leighton as the sole bidder, Chief Minister Oommen Chandy had said the government would decide after studying the legal aspects of the issue.
On Friday, VISL, the company overseeing the implementation of the greenfield project, announced the date for opening the bid. The bids will be opened by the Bid Opening Committee in the presence of the Welspun representatives, VISL officials said. Senior Ports department officials also will be present. The findings will be submitted to the scrutiny of the project consultants International Finance Corporation. Their recommendations will go to the Chief Secretary-led empowered committee and from there to VISL and the State Cabinet.
THIRUVANANTHAPURAM: Monday is a big day for the Vizhinjam International Seaport project. The financial bid, submitted by the Welspun consortium - the sole bidder for the multi-crore project, will be opened by the Bid Opening Committee at 2 pm at the offices of the Vizhinjam International Seaport Ltd at Vazhuthacaud.
Only after scrutiny of the price bid, the State Government can decide on the crucial post of private partner for the project, whose Phase-I is estimated to cost Rs 4,010 crore. It is the private partner who will shell out Rs 970 crore in the first-phase. According to experts, there are two options for the government if the financial proposals of the consortium is unacceptable; call fresh global tenders or go ahead with the Engineering, Construction and procurement (EPC) bids for the construction of the port and wait for a new port operator to turn up.
After the Ministry of Home Affairs denied clearance to the Mundra Ports and SEZ leaving the consortium of Welspun Infratech, Welspun Corp and Welspun-Leighton as the sole bidder, Chief Minister Oommen Chandy had said the government would decide after studying the legal aspects of the issue.
On Friday, VISL, the company overseeing the implementation of the greenfield project, announced the date for opening the bid. The bids will be opened by the Bid Opening Committee in the presence of the Welspun representatives, VISL officials said. Senior Ports department officials also will be present. The findings will be submitted to the scrutiny of the project consultants International Finance Corporation. Their recommendations will go to the Chief Secretary-led empowered committee and from there to VISL and the State Cabinet.