FCI floats e-tender for 17.5 lakh tonnes of silos

New Delhi, Nov 21 (IANS) The Food Corporation of India (FCI) Thursday floated tenders for building giant and ultra-modern steel silos in several parts of the country as part of the modernisation of its foodgrain logistics.

The public sector undertaking launched an e-tender inviting bids under DBFOO (Design, Build, Finance, Own and Operate) model for a total 17.50 lakh tonne-capacity in 36 locations across nine states.
The DBFOO model envisages the developer to bring in land to construct silos, along with railway sidings for bulk transportation. The developer will be paid fixed storage charges over the life of the concession period of 20 years, which is the bid parameter for the project. In addition, the developer will be paid pre-determined variable and handling charges for movement of foodgrain.