Kandla box terminal project losing steam
The US$46m container terminal project at the Indian port of Kandla, currently the object of a third BOT concession attempt, has attracted interest from just five local companies.
This is the first time in the last 30 years that two tankers have been able to load simultaneously.
Whereas previously P&O Ports had bid, this time around none of the participants have an international reputation, being ABG Heavy Industries Ltd, Central Warehousing Corporation, Road Wings, ACT India Ltd and Parekh Marine.
With nearby projects at both Mundra and Pipavav attracting strong interest from the market, doubts have been raised regarding Kandla’s ability to attract traffic totalling 500,000TEU at two berths with alongside draught of just 10m.
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