TAMP to approach PPPAC for Paradip port berth projects

Kolkata: The Tariff Authority for Major Ports (TAMP) having issued the necessary notification to the Paradip Port Trust after fixing the upfront tariffs for two BOT berths one for handling iron ore and the other coal, the port authorities will soon approach the PPPAC (Public Private Partnership Appraisal Committee) for final approval of the projects.

“Once the approval is obtained, we will invite RFPs (request for prices), i.e. price bids, from the shortlisted firms”, Mr K. Raghuramaiah, Chairman of PPT, told Business Line.

“We hope to sign the concessional agreement with the successful bidder(s) by December”, Mr Raghuramaiah said.

The two berths, one for handling iron ore and the other coal, together will cost close to Rs 1,000 crore – Rs 500 crore for the ore berth and Rs 480 crore for the coal berth, according to the original estimate.

Each will have the capacity of 10 million tonnes a year. The period of construction is estimated at two years.