MoPSW to allow faster clearances for port development bidders
PORTS & SHIPPING

MoPSW to allow faster clearances for port development bidders

In response to Rs.60 billion loss in asset monetisation proceeds due to delayed clearances last fiscal, the ministry of ports, shipping, and waterways (MoPSW) is considering a framework that would allow bidders for port development under public-private partnership (PPP) mode to clear faster...

In response to Rs.60 billion loss in asset monetisation proceeds due to delayed clearances last fiscal, the ministry of ports, shipping, and waterways (MoPSW) is considering a framework that would allow bidders for port development under public-private partnership (PPP) mode to clear faster. The ministry has written to other ministries, including those in charge of home affairs, defence, and foreign affairs, in search of a positive and negative list framework. As ports are of national security, bidders must be cleared of risks during the pre-qualification stage of government tenders. These are not given until inputs are received from home affairs, defence and external affairs as well as the cabinet secretariat and the Intelligence Bureau. Contact: Ministry of Ports, Shipping and Waterways Website: shipmin.gov.in

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