Indian Port Project Receives Bids from Nine Firms

21 March 2011 (Last Updated March 21st, 2011 18:30)

Nine bidders have submitted their tender for the first phase of the Tadadi port project in Karwar, Karnataka, India which will cost around INR30bn ($664.6m). The companies include JSW Energy-Leighton Contractors and GVK-Samsung consortia, GMR Infra, Mundra Port, Gammon India, Vadinar p

Nine bidders have submitted their tender for the first phase of the Tadadi port project in Karwar, Karnataka, India which will cost around INR30bn ($664.6m).

The companies include JSW Energy-Leighton Contractors and GVK-Samsung consortia, GMR Infra, Mundra Port, Gammon India, Vadinar port, DSC, Navayuga Engineering and Malco Power.

Karnataka State Industrial Investment and Development Corporation is implementing the public-private partnership project and will oversee the bidding process.

The state government has already completed a feasibility study and the successful bidder will carry out the design, engineering, construction, operation and maintenance of the port project.

The port project will come up on the estuary of the Aghanashini river and have an annual capacity of 34.1 million tons, according to business-standard.com.

The new port is expected to help cargo transport between Goa and Mangalore and could also be used for transportation of iron ore in Bellary and the surrounding areas.