DPI to manage Kochi/Cochin

Dubai Ports International, the overseas management arm of Dubai Ports Authority (DPA) offered to share a staggering 33.3% of total revenue with the Indian government when bidding for a concession to run a major new transhipment facility at the port of Kochi/Cochin. Only two other companies bid: the IL& FS Punj Lloyd consortium, which includes Westport Malaysia as operator offered a paltry 10.123%, while the Maersk bid was disqualified since it merely indicated an interest in bidding, but requested more time to do so.