The V.O. Chidambaranar Port Authority (VOCPA) conducted a pre-bid meeting for development of the Outer Harbour Container Terminal Project including Dredging and Construction of Breakwater at the port on March 22, 2024. Adani Ports and Special Economic Zone Limited (APSEZ), PSA International Limited, JSW Infrastructure Limited (JSWIL), JM Baxi Ports and Logistics Limited, Van Oord India Private Limited, International Seaport Dredging Private Limited (ISD) and a local rock supplier M/s Mohan Muthu have participated in the same.
The bids have been sought based on the lowest viability gap funding (VGF) quoted. The VGF has been capped at Rs 19.5 billion or actual quote, whichever is lower.
The project involves development of two no’s of container terminals of 1000 m quay length each in the Outer Harbour. The capacity of the two container terminals is assessed to be 80 million metric tonnes per annum (mmtpa) [4 million twenty-foot equivalent units (MTEUs) each]. It also involves construction of breakwater, capital dredging in the Outer Harbour basin and approach channel, construction of Rubble bund for reclamation of dredged materials for creation of backup yard, berth/jetty construction, mechanisation in the berth and stack yard, railway line laying, navigational aids etc. It will be carried out in two stages:
Stage I: It involves development of container terminal-I including construction of breakwaters, dredging and other common facilities. It is expected to be completed in 36 months at an estimated cost of Rs 44,944.6 million.
Stage II: It involves development of container terminal-II. It is expected to be completed in 24 months at an estimated cost of Rs 25,614.9 million.
The project is being implemented on design, build, finance, operate, transfer (DBFOT) basis through public private partnership (PPP) mode.