In its maiden public private partnership, the Inland Waterways Authority of India (IWAI) will hand over operation and management of its terminals in Kolkata to Summit Alliance Port East Gateway (India), a move that is expected to tap the potential of Nepal-bound containerised cargo, the government said Monday (Oct. 29).
“IWAI will make its foray into PPP tomorrow when it hands over the operation and management of its terminals in Kolkata to Summit Alliance Port East Gateway (India) Pvt Ltd (SAPEL) on a supply, operate and maintain (SOM) model,” the Ministry of Shipping said in a statement.
The terminals will be handed over to SAPEL for equipping, operating and managing on a revenue sharing model. The operator will have the right to collect user fees from the users as per the tariff rates notified by IWAI. The contract will be valid for a period of 30 years.
“SAPEL was awarded the contract in August, 2017 under a revenue sharing arrangement of 61.70 per cent to itself and 38.30 per cent to IWAI through a global tendering process for this work for Garden Reach Terminal in Kolkata and Gaighat and Kalughat Terminal in Patna,” the statement said.
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