Port Security Contract Analyzed

New Mangalore Port Authority has awarded Knowledge Marine & Engineering Works a significant contract. This involves hiring a specialized River Sea Vessel (RSV) type IV for security patrols. The contract covers a five-year period and totals approximately Rs 10,66,43,732/- including all applicable taxes.

Key Points

• NMPA contracted Knowledge Marine for RSV type IV security patrols.
• Five-year contract secures ongoing port security operations effectively.
• Rs 10,66,43,732/- investment protects the port’s assets.
• No High Speed Diesel (HSD) included in the arrangement.
• This contract strengthens port security operations significantly.
• Knowledge Marine’s expertise ensures efficient vessel operation.

Understanding the Contract Details

The core of the agreement is the provision of a River Sea Vessel (RSV) type IV. This vessel is specifically designed for maritime security, patrolling the waters surrounding the New Mangalore Port. Knowledge Marine & Engineering Works will be responsible for operating this vessel, which includes deploying the necessary security personnel.

Financial Implications

The total value of the contract is Rs 10,66,43,732/-. This considerable investment reflects the strategic importance of security at the port. Importantly, the contract excludes the cost of High Speed Diesel (HSD), suggesting a separate fuel budget or a pre-defined fuel supply arrangement is in place.

Strategic Significance

This contract highlights the New Mangalore Port Authority’s commitment to maintaining a secure environment. A dedicated security vessel and its crew are crucial for preventing illicit activities and ensuring the smooth flow of operations. The long-term nature of the five-year agreement indicates a sustained focus on maritime security.

Securing the port is paramount to its operational success and overall economic value.