Mumbai: A number of Indian companies led by State-owned Shipping Corporation of India (SCI) are banding together to bid for the fourth container terminal at Jawaharlal Nehru Port (JNP). The Rs 5,000 crore (US $1.1 billion) terminal project has already seen 41 bids from many sources such as the Singapore Port Authority, Dubai Ports, Zim Ports EverGreen as well as many Indian companies including Tata Power Company, Reliance logistics, Essar construction and SCI itself.
However the joint venture, likely to include companies such as Container Corporation of India (Concor) and Central Warehousing Corporation (CWC), will bring together an impressive array of transportation and storage expertise and is likely to increase the group's chances of control of what will be India's largest container terminal featuring a 2km berth. The consortium is to form a special purpose vehicle that will work in conjunction with container heavyweight Mediterranean Shipping Company SA. [08/11/06]
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