Financial Daily from THE HINDU group of publications
Thursday, Aug 08, 2002

News
Features
Stocks
Port Info
Archives

Group Sites

Logistics - Shipping


Ministries want open bidding for Vallarpadam

P. Manoj

NEW DELHI, Aug. 7

THE Union Ministries of Finance and Law have opposed a proposal mooted by the Shipping Ministry to re-tender the much-delayed plan for container transhipment terminal at Vallarpadam in Kochi port on a limited tender basis.

"In their comments to the note submitted for the consideration of the Cabinet Committee on Economic Affairs (CCEA), the Finance and Law Ministries were of the view that the Vallarpadam project should be re-tendered on the basis of open competitive bidding instead of adopting the limited tender format", Government sources said.

While stating its position on the Shipping Ministry's proposal, the Finance and Law Ministries were of the opinion that the selection of bidders under the limited tendering format would be open to questions and therefore it would be essential to adopt the competitive bidding route.

The proposal was considered by the CCEA at a meeting held on July 30, but a decision was deferred since the discussions were inconclusive, the sources said.

The Shipping Ministry had identified six major private entities, which would bid for the project when it is re-tendered on a limited format. These include CSX Corporation, Maersk-Sealand (part of the A P Moller Group), P&O Ports, PSA Corporation, Hutchison Port Holdings and Dubai Ports Authority.

The Shipping Ministry's proposal also involved discharging the lone bid submitted by P&O Ports in the earlier round of bidding. It was expected to be taken up by the CCEA at its next meeting, the sources said.

Send this article to Friends by E-Mail

Stories in this Section
Paradip port fixes coal dust problem — 4 cos shortlisted for O&M contract


HC notice to Gujarat PCB over Dholera project NOC
NMPT handles record potash
Ministries want open bidding for Vallarpadam
CIRT study on tyre bursts on expressway
Vizag port gets ISO 14001


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line