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Lenders Independent Engineer (LIE) Services For JSW Mangalore Container Terminal

JSW Mangalore Container Terminal

JSW Infrastructure Ltd. (JSWIL) is a JSW Group company which is presently into design, finance, development, operation and maintenance of ports, railroad, and inland water connectivity along with terminal handling operations and Port management. JSW Mangalore Container Terminal Private Limited (JSWMCTPL), a Special Purpose Company incorporated by JSWIL signed a concession with New Mangalore Port (NMPT) for the Mechanization of Berth no. 14 to handle containers and other cargo on Design, Build, Finance, Operate and Transfer (DBFOT) basis for a period of 30 years.

JSWMCTPL has entered into a lending agreement with Axis Bank to finance the project and Axis Bank has therefore commissioned Eka Infra Consultants Private Limited (Eka Infra) as the Lenders Independent Engineer of the project. Eka Infra scope of work and deliverables included:
  • Technical Due Diligence:

    – Review the Concession Agreement and the status of the implementation plan and statutory approvals
    – Submit Technical Due Diligence Report
  • Bi-annual Report:

    – Review, assist and advise about the progress of work on a half-yearly basis
    – Certification of the capital cost incurred during construction and estimate of expenditure on a half-yearly basis
  • Commercial Operations Date:

    – Confirm the declaration of Commercial Operations Date by the Concessionaire

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