Adani Ports for minimum 50yrs of concession period
PORTS & SHIPPING

Adani Ports for minimum 50yrs of concession period

On Monday, Adani Ports and Special Economic Zone (SEZ) emphasized the necessity for a Public-Private Partnership (PPP) model in infrastructure projects that included a "extended" concession duration of at least 50 years and a thorough dispute resolution process.

The recommendations made by Adani Ports and SEZ CEO (Ports) Subrat Tripathy at the 3rd Global Maritime India Summit 2023 roadshow here were in line with the ongoing discussions intended to strengthen India's maritime infrastructure and draw sizeable foreign investments. "I want to emphasize that a 30-year concession period could not be sufficient to the minister and the offices of the Ministry of Shipping for both shipping and. A 50-year concession period would be more advantageous, according to Tripathy, even if the current concession regime already acknowledges the capacity to roll over.

This would give investors more motivation to step up and make sure that the necessary revenues are met, he continued. Tripathy stated in his talk that it would also aid in reducing the possibility of the capital expenditure cycle being threatened near the end of a concession period. He applauded the West Bengal government's initiative in offering a 99-year concession period for the state's Tajpur deep sea port's development. The state's port will be built and run by Adani Port, who won the contract.

Tripathy also emphasized the importance of including effective departure policies and dispute resolution mechanisms in the concession agreements.

On Monday, Adani Ports and Special Economic Zone (SEZ) emphasized the necessity for a Public-Private Partnership (PPP) model in infrastructure projects that included a extended concession duration of at least 50 years and a thorough dispute resolution process. The recommendations made by Adani Ports and SEZ CEO (Ports) Subrat Tripathy at the 3rd Global Maritime India Summit 2023 roadshow here were in line with the ongoing discussions intended to strengthen India's maritime infrastructure and draw sizeable foreign investments. I want to emphasize that a 30-year concession period could not be sufficient to the minister and the offices of the Ministry of Shipping for both shipping and. A 50-year concession period would be more advantageous, according to Tripathy, even if the current concession regime already acknowledges the capacity to roll over. This would give investors more motivation to step up and make sure that the necessary revenues are met, he continued. Tripathy stated in his talk that it would also aid in reducing the possibility of the capital expenditure cycle being threatened near the end of a concession period. He applauded the West Bengal government's initiative in offering a 99-year concession period for the state's Tajpur deep sea port's development. The state's port will be built and run by Adani Port, who won the contract. Tripathy also emphasized the importance of including effective departure policies and dispute resolution mechanisms in the concession agreements.

Next Story
Infrastructure Urban

CONCOR Launches Double-stack Service Between NCR and Varnama

State-run Container Corporation of India (CONCOR) has launched double-stack container train services between the National Capital Region (NCR) and Varnama near Baroda. This initiative aims to facilitate customers at Nhava Sheva near Mumbai, home to Jawaharlal Nehru Port (J N Port). On December 21, the first double-stack container train from Khatuwas and Dadri in NCR reached CONCOR’s Gati Shakti Multimodal Cargo Terminal (GCT) at Varnama, situated along the Western Dedicated Freight Corridor (WDFC). The train carried export cargo destined for J N Port, according to a statement from the state..

Next Story
Infrastructure Transport

Less than 10% of Rs 40 Billion State-aid for Shipbuilding Utilised

A government-sanctioned financial assistance program worth Rs 40 billion, intended to support local shipbuilders over a decade starting in April 2016, has seen minimal utilisation, with only Rs 3.85 billion—less than 10 per cent of the total fund—disbursed thus far. With 15 months remaining before the scheme concludes, its uptake has been limited. The financial aid applies to shipbuilding contracts signed between April 1, 2016, and March 31, 2026. According to a written response provided by Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal to the Rajya Sabha on December ..

Next Story
Infrastructure Transport

Civil Aviation Minister Opens New ATC Tower at Indore Airport

The Minister for Civil Aviation, Ram Mohan Naidu Kinjarapu, inaugurated the new Air Traffic Control (ATC) Tower-cum-technical block at Devi Ahilyabai Holkar International Airport in Indore, Madhya Pradesh. During the inauguration, the minister toured the facility, where ATC experts explained various technical aspects of tracking and coordinating flights from the newly constructed tower. In addition to the ATC tower, the airport has also introduced a zero-waste plant. The union minister confirmed that this initiative aligns with the government’s commitment to sustainability. Minister Ki..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000