Eight organizations have presented formal proposals for prequalification for the public-private partnership contract to build and operate a fourth container terminal at India’s Port of Jawaharlal Nehru (Nhava Sheva), as the deadline for the first stage of the bidding process ended July 19, according to port sources.
Interested bidders include APM Terminals, DP World and PSA International, three of the world’s leading terminal operators, as well as domestic developers Adani Ports, Essar Ports, Sterlite Ports and J.M. Baxi Group.
“The response has been encouraging. Our plan is to award the contract in this fiscal year,” a port official said.
An official announcement is expected shortly.
The new process followed the collapse of Nehru’s initial tender in September 2012 after top bidder PSA-ABG Consortium failed to sign a concession agreement with the port authority within the stipulated timeline.
The restructured project, comprising a total quay length of 2 kilometers (about 1.2 miles), adequate back-up infrastructure and modern service equipment, is estimated to require a total investment of $1.4 billion.
After evaluation of prequalification applications, port management is expected to shortlist five bidders for the final stage of the process.