KPT scraps Rs.5,992 crore tender for Tuna Tekra container loading facility

Gandhidham, 20 March 2014

Kandla port last week scrapped a tender to build a Rs.5,992 crore container loading facility with private funds after the two groups Adani Ports and Special Economic Zone Ltd (APSEZ) and a consortium of Hyundai Engineering and Construction Co. Ltd and Concast Infratech Ltd that had applied for the project backed out without putting price bids, citing viability concerns. The port trust will now hold a road show for the project in Mumbai to gauge the mood of the investors and based on their feedback we will re-design the project.Private operators wanted to construct the berth facility in phased manner which was not agreed to by Kandla port trust. After Chennai, this is another port project that has failed to start.