The Deendayal Port Authority in Gujarat is likely to cancel a tender for a multi-purpose cargo berth at Tuna Tekra due to a lack of bidder interest. The Ministry of Ports, Shipping, and Waterways is considering restructuring the project after canceling the current tender, which has been extended multiple times. The port authority believes the current structure of the greenfield project is not viable in the uncertain market. The project, with a capacity of 18.33 million tonnes, will be discussed in a meeting with the Minister of Ports. Potential bidders, including JSW Infrastructure, have hesitated, citing conditions and market uncertainties. The port industry also notes challenges such as the shift from break-bulk to containerized cargo and global conflicts affecting the project's outlook. Despite the setbacks, the government remains committed to the project, seeking ways to attract bidder interest.
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