Paradip Port Issues Rs. 2,392 Cr Tender to Build Dry Bulk Cargo Terminal
Paradip Port Trust (PPT), an autonomous corporation and administrative body of Paradip Port, wholly owned by Government of India, has issued a Global tender for construction of terminal to handle dry bulk cargo.
The tender has been issued after approval of the project ‘Deepening and Optimization of Inner Harbour Facilities’ by Cabinet Committee on Economic Affairs on 5th January 2021.
Purpose for Building Dry Bulk Cargo Terminal at Paradip Port
The planned Terminal for which this tender has been issued will cater to the requirement of Coal and Limestone imports. Also the Paradip Dry Bulk Cargo Terminal shall be used for export of Granulated Slag and finished Steel products for steel plants operating in the states of Odisha, Jharkhand, Chhattisgarh, Madhya Pradesh, Uttar Pradesh, Bihar and West Bengal. The new planned Dry Bulk Cargo Terminal at Paradip shall also help in decongestion of the port and is planned so as to attract large vessels.
Tender Details Issued by Paradip Port Trust
Bids have been invited from private firms to build a 25-Million Tonne (MT) capacity dry bulk cargo terminal estimated to cost ₹2,392.13 crore. Last date for submission of bid is 18th February 2021.
Scope of Work Under Dry Bulk Material Handling Tender Issued by Paradip Port Trust
The operator will deepen western dock basin and navigation channel upto the berths, including the turning circle for handling of cape size vessels. The operator shall develop, operate and maintain the terminal for 30 years.
Terminal will be built in two phases of 12.5 MT capacity each. The first phase is expected to be constructed with in 36 months from the date of award of concession. Second phase is expected to be constructed within 24 months from the date of commercial operation of first phase.
Deciding Factor for Winning Bidder
Paradip Port Trust will set a minimum royalty per metric Tonne, and bidder quoting the highest royalty per metric Tonne above the reserve royalty shall be awarded the project.
Other Parallel Developments at India’s Paradip Port
Recently in December 2020, Odisha Government has signed a memorandum of understanding (MoU) with Paradip Port Trust for development of a riverine port on Mahanadi river at an estimated cost of Rs 4,062 Cr with a capacity of 54 MTPA on PPP mode.
Numaligarh Refinery Limited (NRL), Assam has planned to invest Rs 949 Crore in FY21 for expansion. Under the expansion plan, a 2,200 Km long Crude Oil pipeline shall be laid from Paradip port, Odisha to Numaligarh, Assam and product pipeline from Numaligarh to Siliguri in West Bengal. Along with these projects, associated facilities like a Crude Oil import Terminal is also planned at Paradip port.
About Paradip Port: it is located in Odisha and is one of the twelve ports under control of Government of India. The rated capacity of port is 277 MT per annum. Port has its own railway system. It is equipped with 16 berths, 3 Single Point Moorings, 1 Ro-Ro Jetty and has a well maintained approach and entrance channel having 17.1 m minimum depth to handle a wide range of vessels.