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SVBTC explores FDI opportunities in Bengal
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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