A consortium led by Singapore port operator PSA International has submitted the highest bid to manage Pakistan’s Gwadar Port but the tender has not yet been awarded, a Pakistani port official said on Tuesday.
“We cannot give the figure quoted by PSA International until the negotiations are final but they are the highest and the successful bidder,” the official of the Gwadar Port Implementation Authority said, declining to be named. The PSA bid was accepted at the weekend.
The Gwadar deep-sea port is on the Arabian Sea, about 450km (280 miles) west of the city of Karachi and about 70 km (45miles) east of the Iranian border. China provided $198 million for the $248 million port project. It is scheduled to begin operations next year.
Under the concession, the winning bidder will take over the operation and management of the port for 40 years.
The port official said the offer from the runner-up —Pakistan International Container Terminal — was “far behind” that of the Singaporean operator. “We are in the process of finalising technical and financial terms and conditions with them and will take a decision very soon,” the official said. Pakistan’s AKD Group is part of the Singaporean consortium.
“We cannot give the figure quoted by PSA International until the negotiations are final but they are the highest and the successful bidder,” the official of the Gwadar Port Implementation Authority said, declining to be named. The PSA bid was accepted at the weekend.
The Gwadar deep-sea port is on the Arabian Sea, about 450km (280 miles) west of the city of Karachi and about 70 km (45miles) east of the Iranian border. China provided $198 million for the $248 million port project. It is scheduled to begin operations next year.
Under the concession, the winning bidder will take over the operation and management of the port for 40 years.
The port official said the offer from the runner-up —Pakistan International Container Terminal — was “far behind” that of the Singaporean operator. “We are in the process of finalising technical and financial terms and conditions with them and will take a decision very soon,” the official said. Pakistan’s AKD Group is part of the Singaporean consortium.