The ports ministry has received expressions of interest (EOIs) from nine players for the Rs 41,000 crore international transhipment port project at Great Nicobar Island in the Bay of Bengal, a senior government official said on Friday 5 May.
“Nine players have submitted expressions of interest for the international transhipment port project at Great Nicobar Island,” a senior government official told on the condition of anonymity.
The EOI was released on January 28.
The proposed port in the Andaman and Nicobar Islands will have the ultimate capacity to handle 16 million containers per year, and in the first phase, to be commissioned by 2028 at a cost of Rs 18,000 crore, it will handle more than 4 million containers.
The project is located on the international trade route, with existing transhipment terminals like Singapore, Klang and Colombo in proximity.
The project focuses on three key drivers, which can result in making it a leading container transhipment port — strategic location in terms of proximity (40 nautical miles) with the international shipping trade route, availability of natural water depth of over 20m and carrying capacity of transhipment cargo from all the ports in the proximity, including Indian ports, as per the statement.
The proposed facility is envisaged to be developed in four phases.
Public-private partnership (PPP) will be encouraged for this project via landlord mode… The concessionaire would be awarded a long-term PPP concession of 30 to 50 years (based on requirement), will be responsible for the provision(s) of port services and shall have the rights to levy, collect and retain charges from port users.
Currently, nearly 75 per cent of India’s transhipped cargo is handled at ports outside India. Colombo, Singapore and Klang handle more than 85 per cent of this cargo, with more than half of it handled at Colombo port.