+
Adani ports urges PPP model improvements for concessions and disputes
PORTS & SHIPPING

Adani ports urges PPP model improvements for concessions and disputes

Adani Ports and Special Economic Zone (SEZ) has underscored the significance of extending concession periods and introducing a comprehensive dispute resolution mechanism in the Public-Private Partnership (PPP) model for infrastructure projects. These recommendations were voiced by Subrat Tripathy, CEO (Ports) of Adani Ports and SEZ, during the roadshow of the 3rd Global Maritime India Summit 2023. The proposed measures align with India's endeavours to enhance maritime infrastructure and stimulate international investments.

Tripathy highlighted the importance of offering an "extended" concession period of at least 50 years, as opposed to the existing 30-year period. He emphasised that a longer concession period would act as a stronger incentive for investors, ensuring sustainable revenues. Additionally, it would mitigate the risk of potential disruptions to the capital expenditure cycle toward the end of the concession period. Tripathy commended the West Bengal government for providing a 99-year concession period for the development of the Tajpur deep sea port, a move that garnered appreciation for its foresight.

Tripathy also stressed the necessity of incorporating a robust dispute resolution mechanism and exit policies within concession agreements. Such provisions would foster transparency, reliability, and trust among investors, creating a favourable environment for investment.

Adani Port officials reiterated the company's commitment to the Tajpur project and highlighted their anticipation for a Letter of Agreement from the West Bengal government. This agreement would pave the way for feasibility studies and environmental clearances, essential steps before proceeding with the project. The state government's efforts to secure security and other clearances are pivotal prerequisites for awarding the final agreement.

By advocating for extended concession periods and establishing a dependable dispute resolution mechanism, Adani Ports aims to enhance the attractiveness of the PPP model for infrastructure projects. These strategic recommendations align with India's objectives of fortifying its maritime infrastructure and fostering a conducive investment landscape.

Adani Ports and Special Economic Zone (SEZ) has underscored the significance of extending concession periods and introducing a comprehensive dispute resolution mechanism in the Public-Private Partnership (PPP) model for infrastructure projects. These recommendations were voiced by Subrat Tripathy, CEO (Ports) of Adani Ports and SEZ, during the roadshow of the 3rd Global Maritime India Summit 2023. The proposed measures align with India's endeavours to enhance maritime infrastructure and stimulate international investments.Tripathy highlighted the importance of offering an extended concession period of at least 50 years, as opposed to the existing 30-year period. He emphasised that a longer concession period would act as a stronger incentive for investors, ensuring sustainable revenues. Additionally, it would mitigate the risk of potential disruptions to the capital expenditure cycle toward the end of the concession period. Tripathy commended the West Bengal government for providing a 99-year concession period for the development of the Tajpur deep sea port, a move that garnered appreciation for its foresight.Tripathy also stressed the necessity of incorporating a robust dispute resolution mechanism and exit policies within concession agreements. Such provisions would foster transparency, reliability, and trust among investors, creating a favourable environment for investment.Adani Port officials reiterated the company's commitment to the Tajpur project and highlighted their anticipation for a Letter of Agreement from the West Bengal government. This agreement would pave the way for feasibility studies and environmental clearances, essential steps before proceeding with the project. The state government's efforts to secure security and other clearances are pivotal prerequisites for awarding the final agreement.By advocating for extended concession periods and establishing a dependable dispute resolution mechanism, Adani Ports aims to enhance the attractiveness of the PPP model for infrastructure projects. These strategic recommendations align with India's objectives of fortifying its maritime infrastructure and fostering a conducive investment landscape.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code