The Hindu Business Line : Rewas port to float global tender for dredging

Mumbai, Aug. 31 The Reliance-controlled Rewas Ports Ltd will soon float a global tender to invite bids for a Rs 1,800-crore dredging contract, said a senior official. The 27-km channel linking the port will have draught of 14.5 metres.

“We will be inviting bids for dredging soon,” Mr K.V. Natarajan, President of Rewas Ports Ltd, told newspersons on the sidelines of ‘International Conference on Regional Cooperation in Maritime Trade’ held by the All-India Shippers Council in association with the FICCI, here on Friday.

Berth capacity

Rewas port will have 10 berths with a capacity to handle 2.6 million TEUs in the first phase and a total investment in the project is about Rs 5,114 crore, he said. The work at the port would begin from January 2008 with the project being completed by October 2010.

Mr Natarajan also said, the port would have a debt-equity ratio of 2:1 and ICICI Bank has been approached for financing the project.

Facilities

“The port will have the facility to handle all type of cargo. There will be a lot of project cargo for SEZs coming up in Navi Mumbai. It will also have break bulk berths which would facilitate movement of coal for upcoming projects like Tata Power plant in that area. Liquid cargo would also be handled at the port. It will have car carriers too,” said Mr Natarjan explaining the final picture of Mr Mukesh Ambani led private sector port.

The port is being built over 4,000 hectares of land provided by the Government. He added, environmental clearance for the project has been received earlier in May.

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