India: Adani, Essar in Race for Chennai Port Contract
According to the Business Standard, Adani Ports and Essar Ports are in the race to build the Rs 3,683 crore mega container terminal at Chennai Port.
Atulya Misra, chairman, Chennai Port Trust, said at the RFP level there were eight companies and only two companies, Adani Ports and Special Economic Zone and a consortium of Essar Ports Ltd and Vadinar Oil Terminal Ltd have submitted their bids.
The proposed investment includes Rs 963 crore towards breakwater, Rs 362.25 crore for dredging, Rs 496.80 crore to construct berths, Rs 124.20 crore for reclamation and the rest is for others.
The terminal is to be developed north of the existing Bharathi Dock. It will have two new breakwaters (total length 4.5 km), and a continuous quay length of 2 km, which will ultimately have 22-metre alongside depth to handle ultra-large container ships of over 15,000 20-foot equivalent unit capacity and 400 metres long.
Of the total project cost, Chennai Port Trust’s share will be Rs 561 crore, while the private partner, who will build, own and transfer the project, will invest Rs 3,125 crore.
Dredging Today Staff, April 17, 2012;