India: Developers of new cargo terminals get benefit of rate regime changes

TIN news: Cargo handling contracts to be auctioned by ports owned by the Union govement will allow flexibility to operators to move to new tariff regimes from the one prescribed at the time of signing the deal, according to new rules framed by the shipping ministry to fix a contentious issue that has roiled port investors. The new rule has been incorporated by amending the so-called model concession agreement (MCA) for port contracts developed with private funds on the public-private-partnership ...