15 September 2004 is the closing date for qualifying bids for a BOT project for the construction of a new iron ore export facility at Paradip on India''s east coast.
The project involves the construction of both container terminal and multipurpose berths. P&O has the right to acquire 69% of Kulpi Port Company to which BPL will assign a 50-year concession to develop, operate and maintain the port. Two new berths are envisaged initially with additional capacity to be developed in line with demand.
The new facility aims to overcome the existing Panamax restriction on the size of vessels calling at the port to export iron ore.
