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Gangavaram Port <br>Adani Group in the last two
By A Business Correspondent
The development of Gangavaram Port as a Greenfield port with private participation is in the final stages with the Government of Andhra Pradesh shortlisting two bidders-Adani Exports Ltd, Ahmedabad, and the D.V.S. Raju-led consortium of Dubai Ports International, West Port Holdings of Malaysia and the Singapore-based Jurong Consultants.
According to officials of the Andhra Pradesh Industrial Infrastructure Corporation, the nodal agency appointed for the execution of the project, a working group is going through the voluminous Detailed Papers submitted by the two bidders. "It is a very difficult decision to make. However, the winner will be known by the end of the month," according to one official who is handling the project.
Earlier, the government had shortlisted four groups out of 10 that had submitted expression of interest in the project. In the latest elimination, the Lanco Group, which is in the power and construction sectors, and a consortium of BMT Asia-Pacific Ltd of Singapore and the Port of Brisbane, Australia, have been rejected.
The Rs 1,520 crore project on build, operate, share, transfer (BOST) basis would be grounded by April 2003 and completed by March 2005. When completed the port will cater to the present and future needs of the region and catalyse its industrial development and sustainability. The government has constituted a steering committee to take all decisions leading to the successful privatisation of the port.
APIIC has appointed L&T-Ramboll Consulting Engineers Ltd, Chennai, in association with Roggie Marine Consulting GmBH as consultants for the development of the port with private sector participation.
(16/6/02)
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