Mumbai Port sets 15 December deadline for marina concession bids

Mumbai Port Authority’s marina tender at Victoria Dock is due to close at 3 p.m. on 15 December. In its 5 November update, the authority said it planned a second pre-bid meeting on 25 November. The proposal calls for a 45-year concession and has an estimated cost of ₹922.67 crore.

The authority plans to carry out marine works for the first 424 berths, while the concessionaire would develop facilities on land. At full build-out the proposal provides space for 604 yachts. The authority set the minimum revenue share payable by the concessionaire at 11.50% of gross revenue.