Summit Alliance Port’s subsidiary to operate 3 river terminals in Kolkata, Patna

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The Inland Waterways Authority of India has handed over the management of three terminals — one in Kolkata of West Bengal and two in Patna of Bihar — to Summit Alliance Port East Gateway, a subsidiary of Summit Alliance Port Limited.
IWAI in presence of India shipping secretary Shri Gopal Krishna handed over the three terminals — Garden Reach terminal in Kolkata and Gaighat and Kalughat terminals in Patna — to SAPEGIL on a supply-operate-and-maintain model, said a press release disseminated by
SAPL.
SAPEGIL director Ashok Chakbraborty officially took over the management of the river terminals, the first time for any Bangladeshi company to be awarded management of terminals on foreign soil, it said. SAPEGIL won the work through a global competitive tendering process.
Summit Group chairman Muhammed Aziz Khan said, ‘We feel very privileged to have taken over the management of three river terminals in Kolkata and Patna both as first Bangladeshi company as well as the first public private partnership with IWAI.’
Summit Alliance Port East Gateway will have the right to collect user fees as per the tariff rates notified by IWAI for a period of 30 years, the press release said.
Under the revenue sharing arrangement, SAPEGIL will retain 61.70 per cent of revenue and the rest will go to IWAI from the seventh year of operation, it said.

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