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ABG Infra Logistics to record to Tuticorin Port
ABG Infralogistics, the Mumbai-based company, has offered to pay a record 52.17 per cent as ‘revenue share’ to the Tuticorin Port Trust for developing the North Cargo Berth-II for handling coal at the Tuticorin port.
Second highest
It is the second highest revenue share offer in the domestic port
sector, slightly below 52.524 per cent that was offered by South India
Corporation Ltd of the city-based Chettinad Group for the second
dedicated coal terminal at Ennore in 2006, according to the Tuticorin
Port Trust Chairman, Mr G.J. Rao.
The TPT on Friday opened the financial bids for the Rs 332-crore project
that includes construction of the cargo berth, installation of
mechanical handling equipment, conveyor line and yard construction, he
told Business Line.
The TPT board will meet on August 12 and issue the letter of intent to ABG, he said.
“It is a proud moment for the port to attract such a high revenue share.
This only shows the potential that exists in the port in future with so
many power plants coming in and Tuticorin,” he said.
ABG beat Sical Logistics that offered 49.8 per cent as revenue share;
Sterlite (45.2 per cent); Maducon (41 per cent); Mundra Port 31.56 per
cent and IMC (35.1 per cent) for the project, Mr Rao said.
Bulk cargo berth
The TPT plans to develop NCB – II adjacent to the berth to be allotted
to Neyveli Lignite Corporation (NCB – I) as a bulk cargo berth for
handling coal traffic under public private partnership mode.
The length of the berth is envisaged at 306 m with a width of 22.90 m.
Vessels up to 12.80-m draft and 75,000 DWT with an average parcel load
of 60,000 tonnes are expected to be handled at the proposed coal berth.
Source: Hindu Business Line
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