Centre prepares a policy to allow port terminal contracts extension beyond 30-year lease period

As per reports, the central government is preparing a policy that will allow the extension of port terminal contracts beyond the 30-year lease period, under certain conditions. Reportedly, the policy will govern major ports and allow them to offer lease extensions for existing terminal operators. This will be subject to certain conditions. The 100 per cent landlord port model for major ports is being pushed by the centre to encourage private sector participation.