The consortium of PSA International Pte Ltd and ABG Ports Pvt. Ltd will be developing Jawaharlal Nehru Port Trust’s (JNPT) prestigious 4th container terminal.
This is now a certainty following the Bombay High Court last week asking the Adani Group to withdraw its writ petition against the Centre’s decision to deny it security clearance to develop and operate the terminal. The Group had made it clear that it would abide by the verdict and, as per the directions of the Court, approach the Shipping Ministry to sort out the issue.
With the Court thus giving the go-ahead to award the contract, the JN Port Board will be meeting in late July or early August to finalise and hand over the Letter of Intent (LoI) to the PSA-led consortium, according to highly placed sources.
The consortium had emerged the highest bidder, offering nearly 51 per cent revenue share (reportedly much more than the other bidders) to the Port Trust, when the price bids for the prestigious over 4-million-TEU capacity terminal were opened recently.
The Court had earlier directed the Port Trust to open the price bids, despite the case being filed, but had said that the awarding of the project would have to wait till the petition was disposed off.
PSA International is one of the leading global port groups. With its flagship operations in PSA Singapore Terminals and PSA Antwerp, it participates in 28 port projects in 16 countries across Asia, Europe and the Americas. Through its port projects, PSA delivers award-winning services to shipping line customers so that they can enjoy high levels of efficiency and reliability.
In India, PSA operates container facilities at Chennai, Tuticorin, Kandla and Kolkata.
Source: dredgingtoday.com, 18 July 2011