Ahmedabad: After companies such as Port Adani and Special Economic Zones (APSEZ) and Dubai Port World, JSW infrastructure, part of USD 13 billion JSW Group, is set to join the Greenfield port race in Nargol in Nargol in Nargol in Nargol in Nargol in Nargol in Nargol Nargol in Nargol in Nargol in Nargol in Nargol in Nargol in Nargol in Nargol.
District, said sources close to developments.
The group, which has four port captive facilities in this country to handle coal and iron ore needed to run his shirt factory, has been looking to develop a commercial port for some time now, an industrial official said in knowing the problem.
JSW infrastructure officials have shown interest in the project by joining the second round of pre-supply meetings called by Gujarat Maritime Board (GMB), the state maritime regulator on Thursday.
What is offered is the development of the Greenfield Nargol port with an estimated cost of Rs 3,800 Crore for a period of five years.
The company operates seven port facilities in Maharashtra, Goa, Odisha, Tamil Nadu and Karnataka.
JSW infra also operates a terminal in Fujairah, UAE.
The port and terminal have an operational capacity of 113 million tons per year and aims to double in the next two years through Greenfield and Brownfield expansion, according to industry officials quoted earlier.
A JSW group official spokesman refused to comment on this problem.
The second pre-offer meeting was held after fears that stakeholders were not satisfied with the first round of the meeting held on July 22.
Developers including dp world of Dubai, APSEZ, Port Essar and JM Baxi Group have delivered more than 200 questions to the regulator.
Officials at GMB claimed that the second round of pre-supply meetings went well, because senior government officials responded to several major requests submitted by developers including financial related questions and the fate of the project for 50 years of the concession period.
Request the bidder is raised from the Proposal Request Document (RFP) for the development of the Greenfield port in the Boot (Build, Operator, Operator and Transfer).
As a special case for the nargol port, the state government has provided a 20% discount on seafront royalties for the supply process.
Also, the government has provided a 50-year concession period longer than one block period without compensation.
Discount options will lead to better feasibility parameters and will facilitate developers in increasing capital at lower costs, GMB officials said.
The port policy in Gujarat allows the concession period for 30 years of development which can be extended for up to 20 years without compensation debt at the end of 50 years.
An official who worked with the port development company and participated in Thursday’s meeting said that the meeting was satisfying, but someone needs to wait for a week until the GMB responded to all their questions in writing.