The Gujarat Maritime Board is planning to develop a brownfield port at Bhavnagar entailing an investment of Rs 1,750 crore under the Swiss Challenge Route (SCR).
This is the second port to be developed under the SCR mode, after GMR Infrastructure bagged a greenfield commercial port project near Kakinada in Andhra Pradesh. While SCR allows innovation, the traditional way of awarding tenders through global bids is still the most favoured by investors in the port sector.
The Gujarat Maritime Board had received a proposal from Foresight & Padmanabh Mafatlal Consortium to develop a CNG terminal and other cargo terminals at Bhavnagar port under the build, own, operate, and transfer (BOOT) policy. Its board, in October 2019, recommended inviting bids under the SCR.
