MoS opens four-month window for PPP cargo terminals at major ports

The MoS has opened a four-month window for PPP cargo terminals at the major ports operating under the restrictive rate regime of 2005 to migrate to the market-driven pricing structure finalised in 2013 for new projects and has set terms and conditions for the shift. Meanwhile, the PPP operator will have to settle all disputes ahead of the rebidding process. With regard to royalty, the existing royalty or the revenue share converted into royalty of the relevant project would be set as the reserve royalty for bidding purposes.