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28 May 2024

Port operators eye Chennai terminal

By Staff Writer

More than 35 international and domestic companies have shown interest in bidding for the planned $750 million (Dh2.75bn) deep-water container terminal project at India's Port of Chennai.

DP World and AP Moller-Maersk, two of the world's largest terminal operators, as well as liner operators CMA CGM, MOL and NYK Line are believed to be potential international bidders, according to the Journal of Commerce. Notable domestic companies include Larsen & Toubro, Gammon India, Mundra Port and Reliance Group.

The port authority earlier held a pre-application meeting with prospective bidders on January 21, and later agreed to extend the deadline for submission of Request for Qualifications from February 11 to March 9.

Plans for the project include a two-kilometre long facility and draft of 18 metres, with a provision to increase to 22 metres to accommodate 15,000-TEU vessels, and back-up area of around 100 hectares.