Adani Ports, MEIL and Vishwa Samudra in race for ₹11,733-crore VOC Port outer harbour project

BusinessLine reported that three companies, Adani Ports, MEIL and Vishwa Samudra, are in the race for the Outer Harbour infrastructure contract at VOC Port in Thoothukudi. The outlet put the project size at ₹11,733 crore and said the work will be executed under the Hybrid Annuity Model. A crore is 10 million, so ₹11,733 crore is a large infrastructure order. Under the Hybrid Annuity Model, the government and the contractor share the cost of building a project, and the government pays the contractor over the years after it is built, instead of paying everything upfront. The report names the three bidders and the contract value but does not say who will win the contract or when the bids will be decided.

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