DP World Is Lone Bidder for India Box Terminal

DP World Is Lone Bidder for India Box Terminal

DP World is the sole bidder to develop a $145 million container terminal at the Port of Jawaharlal Nehru, India’s largest box hub, the Times of India reported.

The Dubai-based terminal operator offered a revenue share of 27 percent from the 800,000 20-foot-equivalent-unit facility near Mumbai, according to the report.

Jawaharlal Nehru said receiving only one bid would not present a problem for getting approval for the project, according to Indian press reports. But the port authority scrapped an auction in late 2009 when only two companies, including DP World, made the shortlist. The project was delayed three years.

If approved, the new terminal would be located next to DP World’s current facility at the port, Nhava Sheva International Container Terminal.