LIE SERVICES FOR JSW MANGALORE CONTAINER TERMINAL
Lenders Independent Engineer (LIE) Services For JSW Mangalore Container Terminal
JSW Infrastructure Ltd. (JSWIL) is a JSW Group company, is involved in the 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 appointed us as the Lenders Independent Engineer (LIE) of the project. Our scope of work and deliverables included:
1. Technical Due Diligence:
– Review the concession agreement and the status of the implementation plan and statutory approvals
– Submit Technical Due Diligence (TDD) Report
2. 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
3.Commercial Operations Date:
– 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
