The Ennore Port Ltd (EPL) has fast-tracked two of its prestigious projects with an aim at awarding the contract to the shortlisted bidder by the year end, so that it could be ahead of its competitors.
Currently, EPL is in the process of developing a Rs.1,270-crore container terminal and a Rs.150-crore multi-cargo terminal. Apart from identifying the technical bidders for these projects, the management on Monday sent the proposals to the Union Shipping Ministry seeking speedy clearance.
In the first case, 11 players submitted technical bids for developing the container terminal. EPL officials have sent the details to the Shipping Ministry that in turn would forward it to Public Private Partnership Appraisal Committee. Later, the proposal would be cleared by Cabinet Committee on Economic Affairs.
About eight players are interested in constructing multi-cargo terminal. As the investment is less than Rs.500 crore, the proposal was sent to Expenditure Finance Committee on Monday for appraisal.
Later, it would be approved by the Shipping Ministry.
Adani Port and Special Economic Zone (APSEZ), one of the leading private terminal operators in the country, has made a bid for both the projects and also for converting the coal berths of Jawahar Dock in the Chennai Port Trust (ChPT) as container terminal.
Talking to The Hindu , an EPL official said, “We have qualified all the bidders for these projects after seeking clarifications on the technical bids submitted by them. The same has been forwarded to the Shipping Ministry and we expect to get the clearances in two months”.
It may be noted that APSEZ could not succeed in bagging the ChPT’s Rs.3,686-crore mega-container terminal project, as it failed to get security clearance from the Centre.
Hence, ChPT returned its proposal. At that time, there were only two bidders.
“Even as the files of the shortlisted players are moving from one department to another, there is enough time for the bidders to secure security clearance,” he said.