Private port terminal operators may get pricing freedom

It is eyeing a minimum revenue commitment – linked to increments to the Wholesale Price Index – to ensure that the government’s income is not impacted if the existing concessionaires migrate to the new tariff regime, said officials. “The minimum revenue commitment will insulate the Centre from any risks associated with lower tariffs being offered by private concessionaires to bag more cargo,” a senior shipping ministry official said on condition of anonymity.

Create your account