The Indian Ministry of Transport has issued a call for Expressions of Interest (EOI) in developing, operating and maintaining a new international container transshipment terminal in Galathea Bay on Great Nicobar Island in the Indian Ocean. The EOI document points out that the proposed site is only 40 miles from the Malacca Straits, where around 35% of global sea trade passes through, and thereby is strategically well located.
The proposal is that the terminal, which will be designed to berth container vessels up to 28,000 TEU size, will handle traffic from India, Bangladesh and Myanmar, offering an alternative that is closer to Port Kelang or Singapore, which currently account for a significant proportion of regional transhipment business.
The Government plans to award the successful bidder a concession to operate Phase I of the development for 30-50 years. The phase 1 project would include 2300m of berth, with 125 hectares of landside back up space, equipped with automated ship to shore container gantry cranes and RTG stacking cranes. In addition, this phase will include the building of two liquid bulk berths. Prospective bidders have until March 7th to submit their expressions of interest, the Ministry states.