14 bid for MPT's export terminal on PPP

PTI, PANAJI | 11 February 2010 10:46 IST

Goa-based Mormugao Port Trust (MPT) has claimed that it received an excellent response for its Rs 721 crore Iron Ore Export Terminal project with a total of 14 companies and consortiums bidding for it.

This project is the single biggest PPP project initiated by MPT and is proposed to come up within the notified port limits.

MPT Chairman Praveen Agarwal said that the overwhelming response from many reputed infrastructure companies in the country and abroad is due to the excellent viability of the project and the comfort and security in the minds of the private investors in dealing with the trust (MPT).

He claimed the port trust has excellent credibility with regard to smooth and timely execution of infrastructure projects, particularly those having Private Sector Participation.

The MPT spokesman said that in response to the RFQ (Request for Qualification) floated by MPT, 14 applicants who bid singly or in consortium, includes corporate houses having prominent Port and Terminal Operators, Marine and Civil Construction Companies, Companies engaged in creation and Management of Infrastructure.

"The bidding companies include Larsen & Toubro, Adani, Salgaocar, Essar, Lanco, MSPL, IMC, Gangavaram, Gammon, IL&FS, Jindal, Sterlite, GVK, Shapoorji Pallonji & Co. Ltd., to name just a few," the spokesman said.

Agarwal said that in view of the keen response from Private investors at the RFQ stage, and keeping in mind the fact that all the prescribed procedures, like Upfront Tariff fixation, Environment and CRZ clearance, Security clearance, other statutory clearances, are proceeding well ahead of schedule, the ‘Concession Agreement' with the finally selected bidder should be signed latest by August, 2010.

"The terminal is expected to become operational by March 2014 and will provide the much needed mechanized facilities for direct export of the Karnataka Iron ore," he said.

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