Kolkata Port Trust To Lease Out Land Parcels; Aims Reducing TAT of Ships | SupportBiz
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Kolkata Port Trust To Lease Out Land Parcels; Aims Reducing TAT of Ships

 
Kolkata: Kolkata Port Trust (KoPT) is looking to lease out 20 land parcels on a long-term basis.

According to Vinit Kumar, Chairman, KoPT, the tender for the land parcels would be out in the next 15-20 days. The total size of the land parcels is 60-70 acres.

Talks with stakeholders
“We have had discussions with our stakeholders and they gave us some feedback. We are incorporating this in the tender document,” Kumar told newspersons on the sidelines of an interactive session organised by Merchants’ Chamber of Commerce and Industry here on Tuesday as reported by The Hindu Business Line.

KoPT owns around 93 land parcels (total size close to 200 acres) at various locations in Kolkata. “Once the tender for these 20 parcels are successful, we will put the remaining 70-odd land parcels for tender,” he was quoted.

Some of these land parcels are unused while some were in use till recently but vacant now, he added. When asked about the revenue generation from long-term leases, Kumar was quoted telling, “It is difficult to put a figure as some payment would come upfront while some would be on monthly basis.

“If we get the payment upfront for all 93 land parcels, we could earn up to ₹200 crore. But only 30-40 per cent is upfront.”

The Kolkata Port Trust (KoPT) is making efforts to reduce the turnaround time of ships to three-and-a-half days to make it lucrative for traders. "Currently, the turnaround time is about four days, which is not healthy for trade as it adds to the cost. Our effort is to reduce this time by increasing operational efficiency. We look to bring the turnaround time down to three-and-a-half days to begin with," KoPT Chairman Vinit Kumar said on the sidelines of an interactive session organised by the Merchants' Chamber of Commerce here.