Bidders for the container terminal concession at the south Indian port of Chennai will be required to develop it as a hub port within three years of start-up in order to cut down on transhipment operations...
This is one of the non-negotiable terms set for the three foreign port majors shortlisted in the race to operate an upgraded box facility at the port (see WorldCargo News February 2000, p10).
P&O Australia Ports Pty Ltd, PSA Corporation of Singapore and Hutchison Port Holdings, Hong Kong, have until May 24 to revise their financial bids. The Indian government, which owns Chennai port, also expects the private operator to ensure a minimum throughput, invest in modern equipment and take over labour at the existing terminal, officials said......
Read this item in full
Approx 350 words from WorldCargo News, May 2000,
page 9.
