The selected firm has to construct the terminal on design, build, finance, operate and transfer basis for a concession period of 30 years
Eleven companies, including four foreign firms, have submitted their Requests for Qualification (RFQ) proposals for developing the Rs.1,270-crore container terminal at Ennore Port.
These proposals will be evaluated by Ennore Port authorities and the names of short-listed firms announced within the next two weeks. Thursday was the last date for submitting the proposals for developing the Ennore Container Terminal (ECT).
According to sources, Hindustan Ports, Adani Port and Special Economic Zone (APSEZ), Gammon Infrastructure Projects, Essar Ports, Sterlite Ports, Consortium of Concast Infratech Limited & Hyundai Engineering & Construction Co. Ltd, Consortium of Bollore Africa Logistics & Megalift Material Handling, L&T IDPL, APM Terminals B.V., Consortium of IMC-SEW and PSA Chennai Investments Pte Ltd took part in the RFQ process.
As per the proposal, the selected firm has to construct ECT on design, build, finance, operate and transfer basis for a concession period of 30 years.
The terminal will have a capacity to handle annually 1.4 million twenty-foot equivalent units of containers.
Interestingly, APSEZ and Essar Ports were shortlisted for constructing the mega container terminal of Chennai Port Trust.
But their offers were rejected as the revenue offered by them was considered too low.
Earlier, EPL decided to build ECT with a quay length of 1,000 metres costing Rs.1,407 crore.
Later, the proposal was modified to 730 metres, to be built in two phases, at a cost of Rs.1,270 crore.
After having failed in its maiden attempt, Ennore Port Ltd (EPL) Chairman-cum-Managing Director M.A. Bhaskarachar modified the project in January based on feedback from interested parties.
Eleven players responded to the Expression of Interest notice issued by the port and the pre-bid meeting was attended by seven firms.