PPP Port projects
Inland Waterways Authority of India (IWAI) is expected to award contracts in November for port-related projects at Kolkata and Patna under the Public Private Partnership (PPP) scheme.
The projects are Kolkata Terminal’s GR Jetty -I, GR Jetty-II & BISN and Patna Terminal’s Gaighat & Kalughat on National Waterways-1.
It said nine companies have expressed interest to develop and operate the facilities.
Under the transactional structure worked out by International Finance Corporation, the operator will invest in equipment handling mechanism, goods, items, container loading and unloading equipment and warehousing.
IWAI will finalise the Front End Design of the Kalughat Terminal and construct it with technical assistance from the World Bank under Jal Marg Vikas Project.
IWAI will initially invest Rs 80 crore on Kalughat Terminal and Rs 10 Crore on land acquisition of about 2-3 hectares for the container cargo Terminal.
IWAI has taken land on lease for thirty years for GR Jetty I & II, and BISN Terminal in Kolkata.
This will be a first PPP project undertaken by the IWAI. fii-news.com
