JNPA Sets Qualification Norms for Vadhvan Port Project Bids
PORTS & SHIPPING

JNPA Sets Qualification Norms for Vadhvan Port Project Bids

The Jawaharlal Nehru Port Authority (JNPA) has finalised qualification criteria for entities bidding on dredging, offshore reclamation, and shore protection works worth Rs 206.47 billion for the upcoming Vadhvan Port. The move follows the BJP-led alliance’s electoral victory in Maharashtra, accelerating the port's development. To qualify, bidders must demonstrate technical capability of at least Rs 151.13 billion, based on experience in two categories: Public-Private Partnership (PPP) projects in port and core sectors, and construction projects in these sectors over the last decade. Eligible port projects include terminals, jetties, dredging works, offshore reclamation, breakwaters, and other related infrastructure. Core sector projects span highways, airports, railways, industrial parks, water supply, and real estate, among others. Bidders must also meet financial requirements, including a minimum net worth of ?2,267.04 crore as of the previous financial year. In consortiums, members contributing at least 26% equity must maintain this share for six months post-commercial operation and meet individual net worth requirements of 7.5% of the project’s Phase-1 cost. Additionally, bidders need a minimum credit rating of A- or a banker’s assurance of credit facilities. The JNPA board approved the project on November 14, opting for a Hybrid Annuity Model (HAM) to execute the work in two phases. Phase 1 will reclaim 800 hectares over three years, with contractors receiving 60% of the contract value during this period. Phase 2 will reclaim an additional 400 hectares over two years. The remaining 40% of the contract value for both phases will be paid during a ten-year maintenance period, excluding maintenance dredging. The PPP HAM model, a first for Indian port projects, combines features of Engineering, Procurement, and Construction (EPC) with deferred payments, reducing JNPA’s borrowing requirements for the Rs 762.20 billion project. Vadhvan Port, developed by Vadhvan Port Project Ltd—a joint venture between JNPA (74%) and Maharashtra Maritime Board (26%)—is set to be India’s largest public port, capable of handling 298 million tonnes of cargo annually. The proposal awaits approval from the Public-Private Partnership Appraisal Committee before bidding begins. (ET)

The Jawaharlal Nehru Port Authority (JNPA) has finalised qualification criteria for entities bidding on dredging, offshore reclamation, and shore protection works worth Rs 206.47 billion for the upcoming Vadhvan Port. The move follows the BJP-led alliance’s electoral victory in Maharashtra, accelerating the port's development. To qualify, bidders must demonstrate technical capability of at least Rs 151.13 billion, based on experience in two categories: Public-Private Partnership (PPP) projects in port and core sectors, and construction projects in these sectors over the last decade. Eligible port projects include terminals, jetties, dredging works, offshore reclamation, breakwaters, and other related infrastructure. Core sector projects span highways, airports, railways, industrial parks, water supply, and real estate, among others. Bidders must also meet financial requirements, including a minimum net worth of ?2,267.04 crore as of the previous financial year. In consortiums, members contributing at least 26% equity must maintain this share for six months post-commercial operation and meet individual net worth requirements of 7.5% of the project’s Phase-1 cost. Additionally, bidders need a minimum credit rating of A- or a banker’s assurance of credit facilities. The JNPA board approved the project on November 14, opting for a Hybrid Annuity Model (HAM) to execute the work in two phases. Phase 1 will reclaim 800 hectares over three years, with contractors receiving 60% of the contract value during this period. Phase 2 will reclaim an additional 400 hectares over two years. The remaining 40% of the contract value for both phases will be paid during a ten-year maintenance period, excluding maintenance dredging. The PPP HAM model, a first for Indian port projects, combines features of Engineering, Procurement, and Construction (EPC) with deferred payments, reducing JNPA’s borrowing requirements for the Rs 762.20 billion project. Vadhvan Port, developed by Vadhvan Port Project Ltd—a joint venture between JNPA (74%) and Maharashtra Maritime Board (26%)—is set to be India’s largest public port, capable of handling 298 million tonnes of cargo annually. The proposal awaits approval from the Public-Private Partnership Appraisal Committee before bidding begins. (ET)

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?