Sical-Gupta Coal bag Rs 80cr MIHAN contract

Chennai-based Sical Logistics along with city-based Gupta Coal have secured the contract for building a Rs 80 crore rail terminal at the proposed Multi-modal International Hub Airport at Nagpur (MIHAN).

A letter of intent was issued by Maharashtra Airport Development Company (MADC) to the contractors today.

This is the first major contract to be awarded in the MIHAN project. Sical and Gupta Coal beat Concor's bid for the contract.

A senior official from MADC said that several companies including included, the Reliance Anil Dhirubhai Ambani Group (R-ADAG) had evinced interest in constructing the terminal and participated in the tender process.

The rail terminal -  to be built over a 24 hectare area - will be servicing rail traffic from the airport, the SEZ and the surrounding region. The terminal will have facilities for operation of rakes, loading and unloading cargo, container yard and storage facilities, ICD facilities like customs clearance and other ancillary services.

The project comprises building a railway siding, central station yard, container freight station, and warehouses. The proposed terminal will have a capacity to handle a minimum of 1 lakh TEU containers (standard or twenty feet equivalent container) and will take three inbound and three outbound container rakes per day.

Sical Logistics' spokesperson said that it would take another 10 days for the finalisation of the contract and that MADC will be granting the project on a 66-year lease rental contract. The project will be on a built-operate-transfer (BOT) basis.