Singapore’s PSA has gained an operation and maintenance contract at Kolkata port.
PSA managed to successfully gain the contract to handle containers across five berths located at Netaji Subhas Dock by quoting a rate of Rs1,748 per container.
Under regulation by the India’s Union government, Kolkata Port are permitted to charge Rs4,082 per loaded container moved through the port.
A private firm quoting the lowest rate beneath the ceiling rate of R2,030, would succeed in clinching the contract.
PSA Bharat Investments Pte Ltd, an extension of PSA international, was one of three different companies to bid on the deal. United Liner Agencies of India (Pvt.) Ltd. quoted a rate of Rs1,898, whilst Bollore Africa Logistics’ bid was not available for viewing.
Kolkata will retain Rs2,334 per loaded container handled in regards to the deal.
Speaking to LiveMint, I. Jeyakumar, deputy chairman of Kolkata, confirmed the deal, saying: “The price bid submitted by PSA was approved by the board of trustees of Kolkata port on Monday.
“The port trust issued a letter of award to PSA on Monday, which was accepted by the firm.”
PSA already has shares in the facility, handling containers across two terminals in a joint venture between itself and ABG Infralogistics. As members of the ABG Kolkata Container Terminal Pvt. Ltd. joint venture, PSA holds 49 percent.
The 10-year contract associated with this venture is due to conclude in November.
As part of the new contract, PSA, who recently won the tender for Jawaharlal Nehru’s much anticipated fourth container terminal, will erect 12 new cranes and deploy 30 tractor trailers.