India’s Chennai Port Authority, which last month canceled the bidding process for the construction of its long-planned mega container terminal, is again seeking bids.
The authority is seeking proposals from interested terminal developers to convert its existing liquid bulk facility, called Jawahar Dock, into a minor container terminal. The project will be executed on a “design, build, finance, operate and transfer” basis, with a concession period of 30 years.
The estimated annual capacity addition will be 800,000 20-foot-equivalent units, port officials said.
Proposals are expected to be received on or before Oct. 1.
The Jawahar Dock, which has been mostly idle after conventional cargo operations were moved to the nearby Ennore Port a couple of years ago, operates six berths.
Chennai Port currently has two container facilities — DP World-managed Chennai Container Terminal and the Chennai International Terminal operated by Singapore’s PSA International — with a combined capacity of 2.2 million TEUs.
The port handled 1.54 million TEUs in fiscal year 2012-13, which ended March 31, 2013, down from 1.56 million in 2011-12. Volume from April to July, the first four months of 2013-14, totaled 503,000 TEUs, declining from 537,000 TEUs in the same period last year.