BIDDING the concession to operate the Diamond Harbour container terminal in Kolkata for INR150 billion (US$2.5 billion) is expected to end over the next three months, after five companies have been short listed for the final stage.
Bidding reaches final stage for India's container terminal at Kolkata
BIDDING the concession to operate the Diamond Harbour container terminal in Kolkata for INR150 billion (US$2.5 billion) is expected to end over the next three months, after five companies have been short listed for the final stage.
Finalists are Adani Ports & Special Economic Zone Ltd, APM Terminals, the consortium of Concast Infratech Ltd and Hyundai Engineering and Construction Co Ltd, the consortium of IL&FS Maritime Infrastructure and Pembinaan Redzai Sdn Bhd and Hindustan Ports Pvt Ltd.
The Times of India also reported that extra capacity is needed as the Kolkata Port Trust (KPT) forecasts that demand will rise to 700,000 - 800,000 TEU a year and the existing terminal only handles 470,000 TEU.
The new terminal, to be run as a public-private partnership, is expected to take two years to build and will have an annual capacity of 1.2 million TEU and 900-metre quay length that will be able to handle two containerships at a time.