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20 September 2020 The on-line newspaper devoted to the world of transports 13:47 GMT+2

December 30, 2011

Chennai Port rejects Mundra's Rs 3,700-cr bid

T E Narasimhan / Chennai
Business Standard

Chennai Port Trust (CPT) has rejected a bid by Mundra Port and Special Economic Zone (MPSEZ) for its Rs 3,700-crore mega container terminal project in this metropolis. Reason: the revenue share offer of five per cent was “too low”, according to CPT.
The port is planning a re-bid for the deepwater container terminal, the country's first, to give another opportunity for those companies which participated in the project's request for qualification stage, according to a senior CPT official on Thursday ......
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