India: Axis Bank Choose BMT for Kandla Port PPP Project
BMT Consultants India, a subsidiary of BMT Group Ltd, the leading international maritime design, engineering and risk management consultancy, announced yesterday that it has been appointed as Lender’s Engineer by Axis Bank for the PPP (Public Private Partnership) project at Kandla Port, located in the Gujarat state of western India.
PSL Limited, a leading pipe and steel producer has secured funding for the 16th multi-purpose cargo berth at Kandla Port with Axis Bank. As Lender’s Engineer and an independent strategic consultancy, BMT will carry out robust, structured and defensible technical studies and provide Axis Bank with the assurance that this project can deliver.
These studies will include a detailed cost estimate and on-site inspection. BMT will also carry out an assessment of the proposed layout of the berth as well as providing port efficiency and advice on the business plan.
Suren Vakil, Managing Director of BMT Consultants India comments: “Our risk, management and operations expertise allows us to investigate the details of the investment, whilst assessing the management processes, supply chain and operational capability of the proposed berth at Kandla Port. We look forward to working with Axis Bank to help expose and resolve any issues prior to the project moving into the next critical phase of construction.”
The company has been recognised as a preferred consultant for project evaluation and Lender’s Engineer assignments with other financial institutions including IDFC, State of Bank of India and Punjab National Bank.
Dredging Today Staff, January 26, 2012;