The Business Bytes
TBB BUREAU
PARADIP, JANUARY 5, 2021
Within four days of approval by the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi, Paradip Port Trust (PPT) floated a global tender for the project of “Deepening and Optimization of Inner Harbour Facilities including Development of Western Dock on Build, Operate and Transfer (BOT) basis under Public-Private Partnership (PPP) mode to handle cape size vessels at Paradip Port”.
PPT has invited applications from the interested parties in accordance with the qualifications (RFQ) in order to shortlist competent applicants who would be subsequently invited to bid (RFQ) for the project. The last date and time of submission of RFQ is 11 AM of 18.02.2021. The details are available in the PPT website www.paradipport.gov.in.
The Western Dock will come up by the selected operator at a cost of Rs.2,392 crore on BOT basis.
The proposed project envisages construction of Western Dock Basin with facilities to handle cape size vessels by the selected BOT Concessionaire with an ultimate capacity of 25 MTPA (Million tonnes per annum) in two phases of 12.50 MTPA each.
The Concession period shall be 30 years from the date of Award of Concession. Paradip Port Trust (Concessioning Authority) shall provide the Common Supporting Project Infrastructure works like breakwater extension and other ancillary works to facilitate handling of cape size vessels.
