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Press Releases
New concession pact to ease port projects
February 15, 2018
New concession pact to ease port projects
The Cabinet approved amendments
to the model concession agreement (MCA) to make port projects more
investor-friendly and make investment climate in the sector more attractive.
For existing port projects, the Government has formed a panel under Finance Minister
Arun Jaitley to iron out implementation issues.
Shipping Minister Nitin Gadkari said contractual issues or other such hurdles
in the execution of the existing 10-12 port projects would be resolved by the
committee headed by Jaitley, which would have representatives from the NITI
Aayog and the Ministry of Law and Justice. (Business Standard: January 04,
2018)
