SVBTC explores FDI opportunities in Bengal

07 Jul 2022 CW Team

An official stated on Monday that the Second Vivekananda Bridge Tollway Company, owned by the Mauritius-based PASGIC, is looking into potential for additional foreign direct investment in West Bengal's logistics industry. As its foreign investors are "actively contemplating" more FDI into logistics and transportation infrastructure projects in Bengal and the North East part of the country, SVBTC is conducting a "feasibility study for a multi-modal transport logistics hub in Dankuni.

The special purpose vehicle for the Sister Nivedita bridge over the Hooghly river, SVBTC, is owned by Mauritius-based Pacific Alliance-Stradec Group Infrastructure Company (PASGIC), which holds a 99.99% share in it.

The Nivedita bridge, also known as the Second Vivekananda bridge, was opened to the public on July 4, 2007, marking the company's 15th year in business.

The project claims the greatest single FDI in eastern India's surface transportation industry.

Involved in the design, financing, construction, operation, and maintenance of the 6.1-km bridge was SVBTC, which was founded in 2002 and is the 30-year concessionaire.

The business won't lay out a project roadmap until after the feasibility assessment, then ask the state government for land and other support.

The total FDI in the Nivedita bridge was around Rs 400 crore, out of the total cost of Rs 556 crore.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..