New bill for PPP model in port sec­tor

Cargo Talk - - Coverstory -

The Cen­tre will ta­ble a new bill that will fa­cil­i­tate a model agree­ment by way of Pub­lic-Pri­vate Part­ner­ship in the port sec­tor. “In the next two months, we will have a new model agree­ment, hope­fully by June 30. Min­istry of Ship­ping is com­ing up with a sep­a­rate bill that can han­dle long-term con­ces­sional ar­range­ment be­tween port and ter­mi­nal op­er­a­tors,” said Ra­jive Ku­mar, Sec­re­tary, Min­istry of Ship­ping. He said there are sev­eral in­vest­ment op­por­tu­ni­ties in the dredg­ing and barges devel­op­ment as the coastal cargo move­ment is set to rise by six times in the next 10 years. To make the coastal cargo and in­land cargo move­ment eco­nom­i­cally fea­si­ble, Ku­mar pointed out that duty on bunker fuel has been re­moved for con­tain­ers, adding that the ob­jec­tive is to bring down bunker fuel cost fur­ther for all car­goes. States have been re­quested to bring down VAT on bunker fuel and three states have re­sponded, he said. The gov­ern­ment is also se­ri­ously con­sid­er­ing re­vamp­ing the role of the Port Reg­u­la­tor-TAMP (Tar­iff Au­thor­ity for Ma­jor Ports). It wants to close TAMP chap­ter im­me­di­ately and the process is on to re­place it with a new system.

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