Kandla Port Trust invites bids for new terminal
Build, operate & transfer for crore container terminal at Tuna-Tekra
Kandla Port Trust (KPT) is inviting global bids for a new Rs 3000 crore container terminal at Tuna-Tekra.
The new terminal, to be developed under a public-private partnership, will be offered on a build, operate and transfer (BOT) basis, with a 30-year concession available to the operator, according to the Business Standard.
The proposed terminal, to be located 10 kilometres from Tuna, will boast an initial capacity of 1.5 million TEU and will be capable of handling the world’s largest ocean carriers.
Talking to the Business Standard, a KPT official said that interested parties will be required to submit a feasibility study including details of the total investment required and projected revenues. KPT expects to have a partner in place by the end of the next financial year and has set a final date for Expression of Interests (EoI) for April 2nd.
The Port of Kandla, which has two dedicated container handling berths, has a current annual capacity of 7.2 million TEU.