Business Daily from THE HINDU group of publications
Tuesday, Aug 25, 2009
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Business Daily from THE HINDU group of publications Tuesday, Aug 25, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Logistics
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Shipping/Ports States - Kerala Consultant to be appointed for Ponnani port project
Under the Swiss Challenge Method, the company that made the proposal will not participate in the global tender. The company will be given the opportunity to match the terms contained in the best bid received through the tendering process. Mony K. Mathew Kozhikode, Aug. 24 The Kerala Government is in the process of appointing a consultant for the development of Ponnani port in Malappuram district. The consultant will study the detailed project report being prepared by a Chennai-based company, which proposed the development of the port through Swiss Challenge Method. The State Government had issued an order in July last year approving the development of the port through public-private partnership (PPP) and selection of a private investor through Swiss Challenge Method. The proposal is to develop Ponnani, which is an estuary port where Bharathapuzha joins the Arabian Sea, into an all-weather facility for handling vessels of up to 50,000 DWT. The construction of the port will be on build-operate-transfer (BOT) basis with a concession period of 30 years, according to officials of the Directorate of Ports. Global tenderAfter the consultant ensures that the terms and conditions of DPR are in conformity with the Government views, a global tender will be floated to select an investor to develop the port. The final criterion for the selection will be the highest percentage of revenue accruing to the Government once the port commences operation. Under the Swiss Challenge Method, the company that made the proposal will not participate in the global tender. The company will be given the opportunity to match the terms contained in the best bid received through the tendering process. If the company accepts the terms, it will be selected to implement the project and run it commercially over the permitted 30- year concession period. Otherwise, the company will be given compensation for preparing the DPR and other costs incurred by it by the bidder selected for implementing the project. As per the proposal, the Government will not extend any financial assistance for creating the supporting infrastructure for the project such as road connectivity and electricity and water supply systems. It will act only as a facilitator for the smooth operations of the port. More Stories on : Shipping/Ports | Consulting | Kerala
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