Submission of RFP – Port Operator
The Request for Qualification for the port operator was published through a global notification. 14 applications were received which were reviewed by the Project Advisors, International Finance Corporation (IFC) and evaluated by the Empowered committee and the recommendation to prequalify 12 bidders was accepted by the Government (G. O.(MS) No15/11/F&PD dated 18/2/2011). From the 12 pre-qualified bidders to whom the RFP and draft concession agreement (CA) was given on 18th February 2011, the following bidders submitted their bids.
1. Consortium of Welspun Infratech Limited (India) Welspun Corp.Limited (India), Leighton Welspun Contractors (India) Private Limited
2.Mundra Port and Special Economic Zone Ltd (India)
The bids contain technical and financial proposal. The bids (technical) were opened today (16/08/2011) and shall be scrutinized for responsiveness and compliance to RFP. On completion of the technical evaluation, the financial bids shall be opened.
Financial Bid Opened
Download Press Release Financial Bid Opening
Port Operator Selection
International Finance Corporation (IFC), a member of the World Bank Group has been appointed as the transaction advisor to the project. IFC through its panel of consultants viz. Drewry Shipping Consultants Ltd-UK, Royal Haskoning-Netherlands, Asian Consulting Engineers, Allen Overy and Trilegal, have conducted the techno-economical feasibility study of the project and decided to carry out the private partner selection for the project through a transparent and competitive global bidding process. There were a total of 14 bidders of which 12 were qualified based on the RFQ, and 2 of the bidders have submitted the bids in response to the RFP viz., Welspun Consortium and Mundra Port and Special Economic Zone (India).
Government of Kerala has evaluated the technical bids and both the bidders have been qualified. The financial bid opening was decided subsequent to the security clearance by the Government of India. As approved by the Government of Kerala the financial bid was opened by the Bid Opening Committee on 6th February 2012 in the presence of authorized representatives from the Welspun Consortium and the Project Advisors, International Finance Corporation.
The bidders have requested for a grant of Rs 479.54 crores (in present value terms) from the Government of Kerala and are spread over a period of initial 16 years. The concession period for the bid is 30 years and the revised estimated cost of the project is Rs.4010 crores out of which the port operator is envisaged to bring in Rs.970 crores.
The financial bid has been evaluated by the Project Advisors and the Bid evaluation report from the Advisors have been put up to the Empowered Committee under the chairmanship of the Chief Secretary, Government of Kerala is to consider the recommendations of the committee for a decision on the matter.
