No. of Recommendations: 8
In my massive Q4 earnings post I somehow forgot to talk about BIP winning the right to build a port at Dudgeon Point. They and Indian trading giant, Adani, will each get to build a port.

Estimates put the price at $3.5B for BIP (which has a 70% claim to the land) for 60-70 mtpa shipping capacity. Dalrymple has a capacity of 85 mtpa for reference (and assume Adani will have a similar sized port).

This port would be unregulated, so returns could be higher than Dalrymple. BIP is currently working with potential customers (the customers are funding the feasibility study) and trying to figure out how they will lay out the port.

The company doesn't have to make a decision until 2013 and we wouldn't see anything come on line until 2017, so this is a mid- to long-term item, but something to be aware of from a funding and growth standpoint for BIP.
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