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.

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