India has commenced work on developing Iran’s Chabahar Port and will soon select a private player for the development of a multipurpose berth and a port terminal at an estimated investment of $85 million. Adani Enterprises and JSW Group are among those interested in the project.
India Ports Global Private Limited (IPGPL) has invited preliminary bids, under the first phase of development, for the selection of a developer to set up the multipurpose berth and the port terminal.
At present, the company has a kitty of Rs.100 crore, sanctioned by the ministry of external affairs.
According to the officials, the reason the central government is keen to appoint a private player for the job is because it is of the view that neither Kandla nor JNPT has the expertise to execute the assignment.
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