A consortium led by Grup Maritim of Spain won a contract to build and operate India’s new container terminal at the southeastern Port of Ennore, near Chennai.
The project, to be developed on a 30-year build-operate-transfer basis, is estimated to cost $311 million.
The Barcelona-based company’s bidding partners were Eredene Capital, a U.K.-based private equity firm; Obrascon Huarte Lain; and Lanco Infratech, a domestic construction group.
“The Ennore Container Terminal is a world-class project, with an excellent growing hinterland and good existing transport connectivity,” Eredene said in a statement, announcing the joint venture.
The long-awaited project, Ennore’s first container-handling facility, is scheduled for completion in the second half of 2013. It will have a total quay length of 1,000 meters and draft of 15 meters, with annual capacity of 1.5 million 20-foot equivalent units.
The port authority earlier shortlisted six pre-qualified bidders, including APM Terminals, Eurogate, and Zim Port along with NYK Line, Evergreen Marine and Hyundai Marine.
Grup Maritim, Spain’s leading port operator, currently runs 13 terminals in six countries with a total installed capacity of 4.5 million TEUs.
The new terminal, which will be able to simultaneously accommodate three 8,000-TEU vessels, is expected to take traffic away from the neighboring Port of Chennai, which has major capacity expansion plans. Chennai recently commissioned a second terminal built by PSA International while bidding for a 4 million-TEU deep-water facility is in progress.
Ennore, one of India’s 13 major state-owned ports, now primarily handles bulk vessels with drafts up to 16 meters. Cargo throughput for fiscal 2009-10 was 10.7 million tons, compared with 11.5 million tons the previous year.