The bidding war over which company will land the concession to operate the Chittagong Container Terminal (CCT) in Bangladesh is intensifying up with Pacific International Line (PIL) and its partner Container and Terminal Services (CTS) leading the pack.
In second and third places were Everest Enterprise Limited and the present operator of CCT, SAIF Powertec, reports The New Nation.
The three bidders will be in the race until the disbursement of the work order by Chittagong Port Authority (CPA). The CPA is expected to reach a decision and finalise the deal in two month.
More than 45 Bangladeshi companies participated in the initial stages of the bidding, but two-thirds dropped out failing to meet eligibility terms and conditions.
Eleven firms, including four berth operators, joined the bidding and PIL became the top bidder in terms of price.
The winning bidder will replace the incumbent operator of the container terminal, for three years. SAIF Powertec has been running the terminal for nearly two years and its contract expires August 6.
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