Sunday, September 18, 2022

Larcha dry port begins operation under private management

Kathmandu, Sept. 17

The Tatopani Dry Port in Larcha of Sindhupalchok district has come into operation since Friday, informed the Nepal Intermodal Transport Development Board (NITDB). Following its management by government agencies for some years, it is now being managed by a private sector company.

"The construction work of Tatopani Dry Port, which was built in Larcha with the financial and technical support of the Chinese government, was completed and was formally handed over to the NITDB on Monday this week," said the NITDB in a statement.

The NITBB is responsible for the regulation and management of the cross-border infrastructures like Inland Container Depots, dry ports, Container Freight Stations, Integrated Check Posts, and collection and distribution centres.

After the dry port was transferred to the board, it briefly operated and managed the trade infrastructure while since 2019 January, it has been operated and managed by Nepal Transit and Warehousing Company Limited.

The notice of international tender published on 25 May 2022 was published by the board to select a terminal management company for the operation and management of the facility from the private sector.

The NITDB said in the statement that TransNepal JV, Biratnagar - a joint venture between TransNepal Freight Services Pvt. Ltd. and Silk Transport Pvt. Ltd., was selected to run and manage the dry port. A company of the joint venture – Trans Silk Terminals Pvt. Ltd. will handle the operations at the port for the next five years.

A contract for the same was signed on 14 September.

According to the contract, the company will pay Rs. 117 million in rental fee to the board.

The NITDB expressed its belief that operation and management of the dry port by the private sector will make the business through the facility more swift, fast and profitable.

Published in The Rising Nepal daily on 18 September 2022.  

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