Essar Ports has failed to qualify for the Rs 8,000-crore fourth container terminal bid at Jawaharlal Nehru Port Trust, people familiar with the matter told ET, as it fell short of the value of work done in the past to meet the criteria.
Apart from Essar Ports, the other seven contenders in the fray have qualified to bid for the much sought after project, which has been embroiled in delays and cost escalation. Adani Ports, Dubai Port World, APM Terminals, Port of Singapore Authority, Sterlite Ports, United Liner Agencies and International Container Terminal Services have qualified to bid for the terminal. "Essar Ports has not been short listed. As per the Central Vigilance Commission guidelines, certain criteria are not being fulfilled.
The official announcement will be made only after the board meeting later this week," said a senior official with JNPT, who did not want to be named.
The minimum qualifying criteria for the amount of work done in the past was revised to about Rs 12,000 crore by JNPT on July 16 from about Rs 4,000 crore earlier. However, the submission made by Essar Ports on August 18, had it at Rs 5,600 crore, thus failing to meet this minimum standard, another senior official at JNPT said.
This minimum criteria was revised to Rs 12,000 crore on July 16, along with the extension in submission date to August 19. This criteria was revised twice from the time tender was first put out on June 25. It was atRs 15,900 crore originally. Essar Ports declined to comment on the story.
The fourth container terminal is going to be 2,000 metres in length adding 4.8 million TEU (twenty-foot equivalent units) of capacity per annum for JNPT, which is India's largest container port. JNPT currently has a capacity of over 4 million TEUs. JNPT presently has three container terminals, out of which only one is operated by the port, while the other two are operated by DP World and Gateway Terminals on PPP basis.
Source:- economictimes.indiatimes.com
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