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Security clearance for bidders of cargo terminals likely in a month: MoPSW

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NEW DELHI : Security clearance for companies, which have placed bids for tenders issued by state-owned Jawaharlal Nehru Port Authority and V O Chidambaranar Port Authority to privatise cargo handling terminals, is expected to take about a month, said a senior official from the Ministry of Ports, Shipping and Waterways.

“A lot of companies have placed bids for the tenders and hence the delay, but we expect the clearance to come about in a month,” the official said.

According to the official, 12 companies including global ones have placed bids for the tender issued by Jawaharlal Nehru Ports Authority.

Security inputs are to be shared by the Defence, Home and External Affairs ministries on a case-to-case basis. Upon receiving the same, the Shipping Ministry will be giving the security clearance.

These cargo handling tenders were issued in July-August last year after the Finance Ministry listed 31 cargo berths across nine of the 12 major ports for privatisation by 2025 under the National Monetisation Pipeline. The combined value of these projects is estimated at Rs 14,483 crore.

Privatisation of cargo terminals by the port authorities is part of the government’s policy to transform country’s state-owned major ports’ operation into a ‘landlord model’, wherein they own the land and infrastructure, but cargo handling operations are undertaken by private operators under a revenue-sharing model.

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