Latest News | Kolkata Port to Invite Pvt Parties to Modernise, Operate Netaji Subhas Dock Berths
Get latest articles and stories on Latest News at LatestLY. Kolkata port, now known as Syama Prasad Mookerjee Port (SMP), has planned to offer its Netaji Subhas Dock berths to private parties for modernisation and operation after completion of the existing maintenance agreements for these facilities by 2024, a top official said.
Kolkata, Aug 21 (PTI) Kolkata port, now known as Syama Prasad Mookerjee Port (SMP), has planned to offer its Netaji Subhas Dock berths to private parties for modernisation and operation after completion of the existing maintenance agreements for these facilities by 2024, a top official said.
The initiative is in line with the Maritime India Vision 2030, he said.
"The existing operation and maintenance (O&M) agreements for NSD berths will come to an end in 2024. We intend to take four berths together in the 1st phase and the outer terminal, while the berth 2 and 3 will be taken up in the second phase. "With this, the entire operations of NSD that comes under the Kolkata Dock System will be done on PPP (public-private partnership) mode," SMP, Kolkata Chairman Vinit Kumar told PTI.
Kolkata Dock System consists of Netaji Subhas Dock and Kidderpore Dock.
The port has executed a PPP contract for a cluster of six berths in its Kidderpore Dock, and this is considered the first private sector participation in the city's centuries-old port operation.
Kolkata port has lined up various projects worth Rs 2,500 crore to be executed over the next 3-4 years, he said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)