Printer Friendly
Email a Friend
Chittagong embraces private sector
01 Apr 2007
Saif Powertec Ltd has been awarded an exclusive cargo handling contract to manage Chittagong Container Terminal, bringing to an end the former stevedoring model previously preferred by the port authority. Initially, the private sector company will run the terminal as part of a pilot scheme, undertaking activities both on the quayside and in the yard.
As part of the overall reform, a standard €13.68 ($18.19) tariff will be charged for each box handled, compared with €45.6-€57 ($60.6-$75.8) that was previously being levied on each segment of the handling process. In addition, a new three-shift system has replaced the previous twoshift system.
In addition, a new three-shift system has replaced the previous twoshift system.
Saif Powertec Ltd first began working in Chittagong in August, when it was contracted to operate the four quayside gantry cranes. Under the new contract, it will additionally operate eight rubbertyred gantries, 14 tractor trailers and various fork-lift trucks.
The government notes that the new structure will save it about €11.4m ($15.2m) annually; this it formerly paid out as part of shore handling charges to 53 stevedoring agents. It is also hoped that the use of a private contractor should reduce corruption.
