31 PPP projects worth over Rs 14,600 cr to be awarded till FY25

05 Dec 2021 CW Team

According to Sonowal, the sector currently has over 80 PPP per landlord projects in various stages with a total investment of over Rs 56,000 crore. There are 53 projects worth Rs 40,000 crore in operation, and 27 projects worth more than Rs 16,000 crore are in the planning stages.

The Minister informed that the Model Concession Agreement (MCA) – 2021 will increase the confidence of developers, investors, lenders, and other stakeholders in the Ports sector by incorporating many changes based on best practices from other sectors and extensive stakeholder consultation. Looking ahead, the Ministry of Ports, Shipping and Waterways has a clearly defined pipeline of 31 projects worth more than Rs 14,600 crore that will be awarded on a PPP basis until FY25, and it anticipates a positive response from stakeholders to the new MCA - 2021.

Shri Sonowal explained that the provision of Change in Cargo due to Change in Law or Unforeseen Events has been introduced in the Model Concession Agreement (MCA) – 2021.

According to Sonowal, there have been cases in the past where traffic for a particular commodity dropped during the concession period due to external and unforeseen factors, affecting the terminal's overall viability. The concessionaire lacked the flexibility to handle a different cargo, and the asset built was not being used to its full potential. This provision, according to the Minister, will give the concessionaire the flexibility to change cargo in such a situation while also lowering the concessionaire's risk.

According to Shri Sonowal, the new MCA allows concessionaires to set their tariffs based on market conditions, allowing private terminals at Major Ports to compete with private ports for cargo on a level playing field. A provision for compensation in the event of Concessionaire default before Commercial Operations Date (COD) has also been added to reduce risk to lenders and make the project more bankable.

Image Source

Shri Sarbananda Sonowal, Minister of Ports, Shipping & Waterways, today announced the revised Model Concession Agreement (MCA) - 2021 for PPP projects at Major Ports. The new MCA, Sonowal said in a statement, 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. According to Sonowal, the sector currently has over 80 PPP per landlord projects in various stages with a total investment of over Rs 56,000 crore. There are 53 projects worth Rs 40,000 crore in operation, and 27 projects worth more than Rs 16,000 crore are in the planning stages. The Minister informed that the Model Concession Agreement (MCA) – 2021 will increase the confidence of developers, investors, lenders, and other stakeholders in the Ports sector by incorporating many changes based on best practices from other sectors and extensive stakeholder consultation. Looking ahead, the Ministry of Ports, Shipping and Waterways has a clearly defined pipeline of 31 projects worth more than Rs 14,600 crore that will be awarded on a PPP basis until FY25, and it anticipates a positive response from stakeholders to the new MCA - 2021. Shri Sonowal explained that the provision of Change in Cargo due to Change in Law or Unforeseen Events has been introduced in the Model Concession Agreement (MCA) – 2021. According to Sonowal, there have been cases in the past where traffic for a particular commodity dropped during the concession period due to external and unforeseen factors, affecting the terminal's overall viability. The concessionaire lacked the flexibility to handle a different cargo, and the asset built was not being used to its full potential. This provision, according to the Minister, will give the concessionaire the flexibility to change cargo in such a situation while also lowering the concessionaire's risk. According to Shri Sonowal, the new MCA allows concessionaires to set their tariffs based on market conditions, allowing private terminals at Major Ports to compete with private ports for cargo on a level playing field. A provision for compensation in the event of Concessionaire default before Commercial Operations Date (COD) has also been added to reduce risk to lenders and make the project more bankable. Image Source

Infrastructure Transport

15 Sep 2025

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

Infrastructure Transport

15 Sep 2025

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

Real Estate

15 Sep 2025

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..