India: Hyundai Gets Approval to Bid for JN Port Dredging Project
The shipping ministry has allowed South Korea’s Hyundai Engineering and Construction Co. Ltd to bid for the Rs.1,571.60 crore dredging project at Jawaharlal Nehru port, reports livemint.com.
Three bidding groups were short-listed for the project, but “earlier this week, we received a communication from the shipping ministry directing us to qualify Hyundai and to invite fresh price bids for the work from all the pre-qualified bidders”, a JN port official stated.
A joint venture of Dredging International NV and Van Oord Dredging and Marine Contracting Co. NV; Jan De Nul NV; and Royal Boskalis Westminster NV submitted price bids to JN port on 24 February.
The port is not deep enough at 11.5m and can accommodate ships with a capacity to load only up to 3,000 standard containers. It plans to deepen the channel to 14m to allow bigger ships to dock.
Dredging Today Staff, May 20, 2012;