November 22, 2008

Cochin Port to invite fresh bids for capital dredging

BL reported that Cochin Port Trust is likely to invite fresh tenders for capital dredging together with maintenance dredging at Vallarpadam International Container Transhipment Terminal at Kochi in Ernakulam district of Kerala.

The total dredging cost is estimated to be INR 485 crore and the dredging companies have to submit the tenders within one month. The dredging to be carried out is to the extent of approximately 24 million cubic meter and maintenance dredging of 16 million cubic meter in the next 2 years.

It may be noted that CPT was forced to cancel the tenders which were floated earlier in November 2007, as the price quoted by the international company was 70% higher than the estimated cost. Besides, the port did not get sufficient response for the tender as there was only one firm, which placed its bids for the work.