High royalty quotes signal strong investor confidence in the state’s maritime strategy.

Karnataka Sets New Benchmark in Port-Led Development with Record PPP Bids.

Karnataka has achieved a major milestone in port-led development after record-breaking bids were received for three cargo berths privatised under the PPP framework. Chowgule EPC Pvt Ltd, Anuradha Holdings Pvt Ltd and Hasan Hajee & Co. emerged as the highest bidders for berths at Karwar Port and Old Mangalore Port (City and Bengre sides), with concession periods ranging from 15 to 30 years. The projects were awarded on a Renovate, Operate, Maintain and Transfer (ROMT) basis, with the highest royalty per tonne as the sole selection criterion, as prescribed by the Karnataka Maritime Board. The royalty levels quoted are among the highest seen at non-major ports in India, far exceeding comparable benchmarks elsewhere. Officials said the success reflects streamlined approvals, robust private participation, and effective transaction structuring by Black Brix, and is expected to catalyse further investment in Karnataka’s maritime ecosystem.