JNPA draws up qualification norms for dredging, offshore reclamation and shore protection works for Vadhvan Port

The Jawaharlal Nehru Port Authority (JNPA) has set out the eligibility parameters for bidders for dredging, offshore reclamation, and shore protection works for the Vadhvan Port project, which is pegged at a cost of Rs 20,647 crore. These parameters are Rs 15,113.60 crore as technical capability and experience in port and core sectors for a period of ten years. A minimum of 25% of the past experience must be attributed to PPP projects in the port sector or construction projects in the core sector.

Bidder is expected to have a net worth of Rs. 2,267.04 crores and meets certain credit ratings requirements. In case, consortium,both financial and technical capacities of its members, having at least 26 % equity in the project, will be reckoned.

Hybrid Professor Model (HAM), is being deployed for the first time in India port projects. The work will be executed in two phases under HAM. Phase I involves reclamation of land area of 800 hectares, out of which 60% of the contract value is paid within the period of construction which would be for three years. In the second phase, an extent of 400 hectares shall be reclaimed within two years. The remaining 40% would be payable during a period of maintenance for ten years.

Once the port is completed, the Vadhvan port would become the largest public port in India, which can accommodate an impressive 298 million tones of various goods on its premises annually.