Twelve big ticket companies "� including aluminium, engineering, mining and infrastructure majors"� have evinced interest in taking up the Rs 100-crore BOT (build-operate-transfer) project at Visakhapatnam port. |
The port has recently called for expressions of interest for the development of west quay-6 berth as a captive facility with requisite receipt, storage and dispatch facilities on a BOT basis in the northern arm of the inner harbour of the port. The captive berth is being built to facilitate export of alumina and import of caustic soda. |
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"We have received expressions of interest from 12 firms, ahead of the due date. Soon, we will be giving the qualification document papers to these companies," SVSLN Sastry, chief engineer (civil), Vizag port, told Business Standard. |
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The 12 companies in race for the development of the Rs 100 cr captive birth are: Utkal Alumina International Limited (Rayagada in Orissa), BHP Billiton (Bhubaneswar), Jindal (Mumbai), IMC (Chennai), Navayuga Engineering Company Limited (Hyderabad), Sulakshani Mines and Minerals (Bhubaneswar), Afcon Infrastructure Limited (Mumbai), J M Baxi and Company (Mumbai), South India Corporation Limited (Chennai), Gammon India Limited (Mumbai), Chettinad Port Services Private Limited (Chennai) and Sical Logistics (Agencies) Limited (Chennai). |
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According to Sastry, the port has proposed to engage a common developer-cum-operator for the purpose. |
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"Successful bidder needs to invest more than Rs 100 crore to construct the berth and create mechanical handling and storage facilities including construction of cyloes," he said. |
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"The port would get maximum realisation in the form of upfront fee, lease rentals and royalty on the captive berth. We would allot the berth to a private party who would offer more revenue to the port, and the developer should ensure handling a minimum of 10 lakh tonnes of cargo a year," he added. |
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"Apart form this, Vizag port is constructing the WQ-7 berth on its own at an investment of Rs 40 crore. The berth will be ready in a couple of months," Sastry said. |
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