Dutch company revalidates bid for JNPT dredging

The Dutch dredging giant Van Oord has once again revalidated their one-year bid for the Jawaharlal Nehru Port Trust channel dredging contract. However, the company has clarified to the government that it is difficult to carry out the contract at the bidding amount, with the rise in the inflation rate and the various cost escalation, and requested it to re-evaluate the contract amount with regards to the foreign exchange variation.