Media
Media
The Paradip Port Trust (PPT) hopes to sign the concession agreement this month with the consortium led by the Hong Kong-based Nobel Group, which has been selected for the construction of the 10-million tonne per annum (mtpa) deep-draught iron ore berth. Mr K. Raghuramaiah, Chairman of PPT, expects it will be signed in According to Exim News Service, the Rs 500-crore project has to start operation within 36 months of the signing of the agreement, Mr Raghuramaiah explained. The project will be undertaken on the public-private partnership (PPP) model and the berth will be developed on build, operate and transfer (BOT) basis. The apex Court order is a sequel to the special leave petition filed by PPT challenging the Orissa High Court’s interim ruling restraining it from going ahead with the bidding process for the coal berth. The High Court order was passed on a plea filed by Jindal Steel and Power Ltd, which was found ineligible for bidding for the coal berth at the very initial stage. (Source: Transport Weekly)
The Nobel Group consortium consists of the Minerals and Metals Trading Corporation (MMTC) and Gammon India Ltd.
As for the 10-mtpa coal berth, subsequent to the Supreme Court order, PPT has initiated steps to re-invite financial bids from the shortlisted firms.
qq.com