APMT pulls out of JNPT bidding

In May, APMT won the right to bid on the new terminal after regulators had prevented some existing operators at the port from bidding on future projects. But after receiving the tender document, APMT became worried that costs to build the two-phase terminal had increased beyond the concession’s financial feasibility,

“When we received the tender documents, it became clear that the revenue side – determined by a TAMP stipulated handling tariff – would be insufficient to justify the project cost,” said Hans-Ole Madsen, APMT vice president business development, South Asia, Middle East and Africa

Madsen said APMT outlined its concerns over the tender document to the Jawaharlal Nehru Port Authorities, but was informed that a review wasn’t possible.”Should the government decide to revisit the primary tender conditions, we remain interested,” he said.