Moin bids must hit high

However, the entry requirements could preclude all but the largest international operators with the tender requiring investment of $812m to finance construction of a 1.5km breakwater and five new berths. The concession will run for 33 years.

The operator must also have administered two independent terminals, each with at least 1.5m teu throughput in the last five years and must also have financed and built a port of at least $420m in the last decade.

Local sources claim that APM Terminals has shown interest in the tender.