The New Mangalore Port Trust (NMPT) has shortlisted five consortiums to bid to develop and operate a new container terminal at the New Mangalore port at a cost of Rs 276 crore, on build-operate-transfer basis for 30 years.

The short listed groups are IL&FS Maritime Infrastructure Company and Punj Lloyd Infrastructure; Vadinar Oil Terminal, and Essar Ports and Terminals; Mundra Port and SEZ and Adani Enterprises; Simplex Infrastructures, SREI Infrastructure Finance and Galfar Engineering and Contracting SAOG; and Grup Maritim TCB and West Coast Port. These companies will submit the financial bids, which will be based on minimum grant or maximum revenue share, provided they get security nod from the Union Ministry of Home Affairs.

The terminal is expected to have a four lakh twenty feet equivalent units (TEU) container handling capacity. The Tariff Authority of Major Ports has issued an order fixing the tariffs, the winning bidder can charge for handling containers in order for bidders to undertake the traffic risk for the concession period.