New Tender for Multipurpose Cargo Berth at Deendayal Port
PORTS & SHIPPING

New Tender for Multipurpose Cargo Berth at Deendayal Port

The Deendayal Port Authority, which oversees operations at Kandla Port in Gujarat, plans to issue a new tender for a multipurpose cargo berth at its Tuna Tekra facility, with private investments amounting to Rs.17.19 billion. This marks the third attempt to secure a private partner after previous tenders failed due to unfavorable terms.

Deputy Chairman Nandeesh Shukla revealed that the new tender will offer significant concessions, including a waiver on minimum guaranteed throughput for the first four to five years, a major change aimed at attracting bidders. This revision is pending approval at the highest level.

Previous attempts to develop the facility under a public-private partnership (PPP) model for a 30-year concession faced resistance from bidders concerned about stringent throughput guarantees. If the operator fails to meet these guarantees, they are liable for royalties based on actual volumes or the minimum guaranteed, whichever is higher. Critics argue that this system disproportionately favors major ports and does not account for market fluctuations in trade.

The planned multipurpose terminal will be capable of handling 18.33 million tonnes of various cargo types, excluding liquid and containerized goods. With existing dry cargo capacity at 59.96 million tonnes, Deendayal Port is seeking to expand to accommodate rising traffic demands projected to exceed current capacity significantly by 2030.

The new berth will facilitate the handling of food grains, fertilizers, coal, and other essential commodities, and is designed to accommodate ships up to 100,000 deadweight tonnes with a draft of 15 meters. Deendayal Port currently operates 16 cargo berths and serves key markets in Northern India, including landlocked states like Jammu and Kashmir, Uttar Pradesh, and Madhya Pradesh.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

The Deendayal Port Authority, which oversees operations at Kandla Port in Gujarat, plans to issue a new tender for a multipurpose cargo berth at its Tuna Tekra facility, with private investments amounting to Rs.17.19 billion. This marks the third attempt to secure a private partner after previous tenders failed due to unfavorable terms. Deputy Chairman Nandeesh Shukla revealed that the new tender will offer significant concessions, including a waiver on minimum guaranteed throughput for the first four to five years, a major change aimed at attracting bidders. This revision is pending approval at the highest level. Previous attempts to develop the facility under a public-private partnership (PPP) model for a 30-year concession faced resistance from bidders concerned about stringent throughput guarantees. If the operator fails to meet these guarantees, they are liable for royalties based on actual volumes or the minimum guaranteed, whichever is higher. Critics argue that this system disproportionately favors major ports and does not account for market fluctuations in trade. The planned multipurpose terminal will be capable of handling 18.33 million tonnes of various cargo types, excluding liquid and containerized goods. With existing dry cargo capacity at 59.96 million tonnes, Deendayal Port is seeking to expand to accommodate rising traffic demands projected to exceed current capacity significantly by 2030. The new berth will facilitate the handling of food grains, fertilizers, coal, and other essential commodities, and is designed to accommodate ships up to 100,000 deadweight tonnes with a draft of 15 meters. Deendayal Port currently operates 16 cargo berths and serves key markets in Northern India, including landlocked states like Jammu and Kashmir, Uttar Pradesh, and Madhya Pradesh.

Next Story
Resources

KEC International wins new orders of Rs 10.03 billion

KEC International, a global infrastructure EPC major, an RPG Group Company, has secured new orders of Rs 10.03 billion across its various businesses:Railways: The business has secured an order for tunnel Ventilation system and associated works in India.Civil: The business has secured an order in the industrial segment for Civil and Mechanical works for a Steel plant in India.Cables: The business has secured orders for supply of various types of cables in India and overseas.Vimal Kejriwal, MD and CEO, KEC International commented, "We are pleased with the order wins secured across our business v..

Next Story
Infrastructure Urban

Chennai Floats Bonds for Infrastructure Projects

The Greater Chennai Corporation (GCC) has decided to issue municipal bonds to raise ?1,500 crore for urgent infrastructure projects. This fund-raising strategy follows a central government model that enables urban local bodies to mobilize capital from investors for essential projects without relying solely on state or central grants. The initiative aims to address the city’s infrastructural needs, including canal restoration, road relaying, and flyover construction, all worth around Rs.80 crore. Municipal Bonds Model Under union finance ministry guidelines, urban local bodies can issue bon..

Next Story
Infrastructure Urban

India Post to Become Logistics Giant

The Indian government is looking to transform India Post into a comprehensive logistics company, with a target to boost its revenue by 50-60% over the next 3-4 years. Speaking at the Public Affairs Forum of India event, Union Telecom Minister Jyotiraditya Scindia revealed that the postal department's annual revenue currently stands at Rs 12,000 crore. The minister expressed his goal of increasing this figure significantly through the diversification of services and by capitalizing on the department's extensive reach in rural and remote areas. Scindia stressed the need for India Post to evolve ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000