Court rejects petition on awarding of project to PSA
Source:cargonewsasia 2014-7-18 11:21:00
The High Court of Bombay has dismissed the public interest litigation (PIL) filed against Jawaharlal Nehru Port Trust awarding a container terminal project to PSA International of Singapore, a port official said.
The petition, filed by a journalist, questioned the port’s decision to award the project to the same company (PSA), which had virtually backed out of the same project after winning it in a similar tender two years ago, reported The Hindu.
The concession agreement for the project – the single largest foreign direct investment in the Indian port sector – was signed by PSA last month. If the petition was admitted, it would have been a major setback for JNPT as the US$1.32 billion project – the fourth container terminal at the port – was already delayed due to disputes and litigations, said a port sector analyst.