Kak­i­nada Sea­ports con­sor­tium wins bid to de­velop coal ter­mi­nal at Paradip

Maritime Gateway - - Brief News -

A con­sor­tium led by Kak­i­nada Sea­ports Ltd has won the rights to de­velop and op­er­ate a coal han­dling ter­mi­nal for 30 years at Paradip Port. The port au­thor­ity had called for fresh bids for the pro­ject af­ter scrap­ping the ear­lier deal awarded to Es­sar Ports Ltd cit­ing the firm’s fail­ure to achieve fi­nan­cial clo­sure. The Kak­i­nada Sea­ports Ltd-bothra Ship­ping Ser­vices Pvt Ltd-ri­p­ley & Co con­sor­tium placed a rev­enue share bid of 36.53 per cent to clinch the deal for build­ing a deep-wa­ter ter­mi­nal with a ca­pac­ity to load 10 mil­lion tonnes (mt) of cok­ing coal a year. The cost for de­vel­op­ing the ter­mi­nal is es­ti­mated at `655.56 crore.

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