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   Kathmandu,Thursday January 27, 2000  Magh 13th, 2056.


ICDs lease-out rebidding likely

By a Post Reporter

KATHMANDU, Jan 26 - Due to low price offered by the two finalists bidders for the lease-out of Biratnagar Inland Container Depot (ICD),

Nepal Inter Modal Transport Development Board is contemplating a re-bidding for the lease-out, according to a source close to the Board.

The two bidders have offered the price, which is "far below the expectation of the board," says the source. The bidders: Dooars Transport and Inter Modal Logistics Transport have quoted just above 52.9 million rupees for the first ten years along with revenue sharing proposal, while Inter Modal Logistics Transport has offered 176 million rupees for ten years.

Ananda Shrestha, Executive Director of the Board, however, denied re-bidding but said the Board led by Commerce Secretary Mohan Dev Pant would take decision regarding the final hand-over.

Though six companies had been initially qualified on the pre-qualifed round, only five companies opted for financial round and two were qualified to the final round.

Biratnagar ICD constructed under Nepal Multimodal Transit and Trade Facilitation Project (MTTFP) was completed a month ago.

Three ICDs are being constructed under MTTFP in Biratnagar, Bhairahawa and Birgunj. Construction of Bhairahawa ICD is at the final stage of completion, while Birgunj ICD is expected to be completed by March this year. Since the current bid was asked combinely for the operation of Biratnagar and Bhairahawa terminals, re-bidding will automatically cancel the bid for Bhairahawa ICD.

Unlike Biratnagar and Bhairahawa ICDs, Birgunj ICD will be connected with railway tracks. Indian Railway Construction (IRCON) has already begun the construction of 5.4 kilometer long railway tracks from Raxual, India to Birgunj ICD. The railway track is being constructed under the Indian grant assistance.

The total cost for NMTTFP is estimated at US$ 28.5million, of which US$ 23.5 million is being funded by International Development Assistance (IDA), the World Bank and the rest is covered by the government.


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