A to Z EXIM Limited, a unit of the Mumbai-based Bharat Freight Group, has been awarded a government contract to operate, maintain and develop the port and river transport terminals at Sittwe and Paletwa in Myanmar as part of Kaladan Multi-Modal funded by India. Public transport project.
The contract is for an initial period of three years which can be extended by two years.
“Our mandate is to complete the ongoing civil works, install equipment to make it a real port and develop business,” said Sohel Firoz Kazani, Managing Director of Bharat Freight Group.
The deepwater port of Sittwe is part of India’s $ 484 million Kaladan multimodal transit transport project.
The project aims to reduce the cost and time of transporting goods to the landlocked Mizoram. The goods will be transported from the port of Kolkata to Sittwe by sea, then to Paletwa in Chin State via the Kaladan River, from where they will be transported by road to Mizoram.
Kazani said the sanctions imposed by the United States on some Burmese military leaders and military holding companies responsible for the coup that overthrew Myanmar’s democratically elected government on February 1 and the human rights violations that follow-up will not impact his contract there as it is funded by the Indian government and continues to be a government-to-government project.
Bharat Freight Group’s unit, Land Marine Engineering and Port Solutions LLP, had previously partnered with Bandar-Abbas-based Kaveh Port and Marine Services to manage the India-funded port of Chabahar in Iran in under a short-term lease contract awarded by the state-owned India Ports. Global Ltd.
The joint venture partners completed the two-year contract term in December 2020, Kazani said.
Bharat Freight Group has also formed a joint venture to execute a 105 crore Engineering, Procurement and Construction (EPC) contract in partnership with Finnish Marintek to build 68 floating jetties for the Kochi water metro.
Kochi Water Metro is an integrated ferry transport project in the Greater Kochi region implemented by Kochi Metro Rail Ltd. It aims to provide a service to the suburbs as well as to rivers where transport accessibility is limited.
The group also won a contract to own and operate water taxis on all routes of Mumbai’s Eastern Water Front project and Gujarat’s first road between Dahej and Gogha (Bhavnagar) and Hazira (Surat), Kazani added.