The Central Warehousing Corporation (CWC) is offering 45 sites across 17 states for cold storage development under a public-private partnership (PPP) model. The initiative includes 16 bundled locations and 29 individual sites for construction or retrofitting of facilities. The timeline for construction is nine months and six months for retrofitting. The PPP model involves a 15-year concession period, with options for a Build to Suit basis for extended concessions. Bidders, including various business entities, will be selected based on the highest annual concession fee. CWC emphasizes low-cost solutions to expedite project commissioning without government funding guarantees.

Read the full article here