AdvtAdvtCost escalationBy ,ETInfraJoin the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. All about ETInfra industry right on your smartphone! Download the ETInfra App and get the Realtime updates and Save your favourite articles. The project was to be awarded to the bidder quoting the lowest VGF, the sole criteria for evaluation of bids, for a concession period of 45 years.Interestingly, a fresh ‘Draft Detailed Project Report for Development of Outer Harbour at VOC Port’ written by the same NTCPWC has re-estimated the capital cost of the project at ₹12,354.78 crore including GST, as against ₹7,055.95 crore in the previous rounds of tendering, an increase of 75.1 per cent.The NTCPWC, in its draft DPR “noted that no provision has been made to cover unforeseen costs owing to force majeure events, exchange rate fluctuations and changes in rates of taxation, changes in law or other circumstances”, indicating that the project cost could be much higher.

Source: Economic Times December 27, 2025 13:39 UTC