Cancellation of Tenders Delays Equipment Purchase for Chabahar Port

India Ports Global Ltd (IPGL) has canceled tenders to purchase cranes and container handling equipment for Chabahar Port, further complicating an already troubled overseas venture. The cancellation of tenders comes as a result of US sanctions on Iran due to its nuclear program. IPGL had issued a tender in September 2022 to purchase four new ship-to-shore cranes and 14 Rubber Tyred Gantry Cranes (RTGCs), among other equipment. However, the bidders were hesitant to submit quotations due to the sanctions imposed on Iran. As a result, India Ports Global decided to discharge all the tenders without providing any reasons.

The cancellation of the tenders has caused a delay in the development of Chabahar Port and the official start of the ten-year contract for its operation. IPGL’s plans for purchasing the necessary equipment are currently unclear. This delay further adds to the complications faced by the Indian company in its overseas venture in the face of US sanctions on Iran.

The cancellation of tenders for the purchase of cranes and container handling equipment for Chabahar Port by India Ports Global Ltd (IPGL) has complicated its overseas venture. Due to US sanctions on Iran, the bidders were reluctant to submit quotations for the tenders. India Ports Global, therefore, decided to cancel all the tenders without providing any explanation. As a result, the development of Chabahar Port has been delayed, and the official start of the ten-year contract for operating the port has been disrupted. It remains uncertain how IPGL plans to proceed with the purchase of the necessary equipment.

India Ports Global Ltd (IPGL) has scrapped tenders for the purchase of cranes and container handling equipment for Chabahar Port, further complicating its overseas venture in Iran. The cancellation of tenders is a consequence of US sanctions imposed on Iran due to its nuclear program. IPGL had issued a tender in September 2022 to buy four ship-to-shore cranes and 14 Rubber Tyred Gantry Cranes (RTGCs), among other equipment. However, due to the sanctions, bidders were hesitant to provide quotations, leading IPGL to discharge all the tenders without giving reasons. This delay has disrupted the development of Chabahar Port and the official start of the ten-year contract for its operation. It is currently unclear how IPGL plans to move forward with the equipment purchase.

Source .