Sarbananda Sonowal, Minister of Ports, Shipping & Waterways, announced the revised Model Concession Agreement (MCA) - 2021 for PPP projects at major ports. The new MCA will apply to all future PPP projects at major ports, as well as projects that have already been approved by the government but are still in the bidding process. The sector currently has over 80 PPP per landlord projects in various stages with a total investment of over Rs.560 bn. The ministry has clearly defined pipeline of 31 projects worth more than Rs.146 bn that will be awarded on a PPP basis until FY25, and it anticipates a positive response from stakeholders to the new MCA – 2021. Contact: Ministry of Ports, Shipping and WaterwaysWebsite: www.shipmin.gov.in