Ports ministry to recast Mormugao monetisation tender to attract more bids

The project is part of the national monetisation pipeline, which is expected to yield Rs 6 trillion by 2024-25

The ministry of ports, shipping, and waterways is likely to restructure the Rs 842 crore tender for monetising the assets of Goa’s Mormugao Port, according to senior officials with knowledge of the proceedings.

The tender received only two bids in the preliminary technical round, one of which, by Adani Ports and Special Economic Zones (APSEZ), might be disqualified.

The project is part of the Centre’s national monetisation pipeline, which is expected to yield Rs 6 trillion by 2024-25. Ports are meant to be 2 per cent of the pipeline. Though the initial plan was to monetise 31 cargo berths valued