Madurai Courtroom orders “established order” on privatization of berth 9 at VOC Port, Infra Information, ET Infra

CHENNAI: The Madurai bench of the Madras Excessive Courtroom on Monday ordered “established order” on the processing of a young issued by the state-owned VOC Port Authority for changing a bulk cargo terminal right into a container dealing with facility on the port positioned in Thoothukudi. . A petition by a consortium led by Bollore Africa Logistics SAS in search of to reverse its disqualification from the bid.

The courtroom’s order got here minutes after the board of the VOC Port Authority accepted the best royalty worth bid of Rs 1,900.44 per twenty foot container unit (TEU) placed on tender by JM Baksi Ports and Logistics Ltd and issued a letter. agency, a number of sources together with a port official stated.

The courtroom order signifies that the port authority can’t “take additional motion” on the tender till the matter is settled, in accordance with one official. On this case the “additional motion” can be to signal a concession settlement between the port authority and the best bidder inside 30 days per tender clause, to place the 30-year contract in movement.

JM Baksi Ports and Logistics had emerged as the best bidder within the tender when the worth bids had been opened on August 4.

Two days in the past, the VOC Port Authority knowledgeable the Bollore-led consortium that its native associate/collaborator – India Ports and Logistics Pvt Ltd – was concerned in contract termination at its port and Visakhapatnam port, which might “entice disqualifications”. . Tender.

“An applicant, together with any consortium member or affiliate, shall not, within the earlier 3 years, have did not carry out on any contract, as licensed by an arbitrator or judicial authority by imposition of penalty or by judicial pronouncement or arbitration award in opposition to the applicant.” has been, pursuant to the tender, the consortium member or affiliate, because the case could also be, neither has been expelled from any challenge or contract by any public entity nor by any public entity for breach by such applicant, consortium member or affiliate A contract has been terminated for situations.

Nevertheless, for some undisclosed purpose, the Port Authority didn’t return the Bollore-led consortium’s worth bid, a course of normally adopted when a bidder is disqualified from the tender. The Value Bid of Bollore Consortium, submitted in a sealed cowl, stays open with the Port Authority.

India Ports and Logistics is a three way partnership, 51 per cent held by Star Ports Ltd, a unit of Mumbai-listed Starlog Enterprises Ltd (earlier referred to as ABG Infralogistics Ltd) and 49 per cent with Bollore Africa Logistics Ltd. is close to.

The identical consortium additionally runs Dakshin Bharat Gateway Terminal Pvt Ltd from berth quantity 8, which is among the two container terminals working at VOC Port.

9 in a container terminal (depth of 14.2 metres) with an funding of Rs 434.17 crore, will improve the container dealing with capability of the VOC port by 6 lakh twenty-foot equal models (TEUs) to 18 lakh TEUs a 12 months .

VOC Port, the third largest container handler amongst a dozen state-owned ports, at the moment has two container terminals in its internal port, specifically PSA SICAL Terminals Restricted (draft of 11.7 metres) and South India Gateway Terminals Non-public Restricted (draft of 14.2 metres). ) are run individually. m) with a capability to deal with a mixed 1.2 million TEU.

Each terminals dealt with a mixed 7,81,458 TEUs in FY12, in comparison with 7,62,000 TEUs in FY12.

Container cargo accounted for 45 per cent of the VOC port’s whole cargo of 34.12 million tonnes (MT) in FY12.

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