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Govt likely to stay with flexible PPP contracts on inland waterways

Nascent sector requires ability to be flexible with contracts, according to officials

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Dhruvaksh Saha New Delhi

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The central government, which is looking for ways to make inland waterways attractive for private parties, is unlikely to have a standard contract or a model concession agreement for inland waterway terminals, according to a senior official.
 
The government will continue to be flexible with its approach, amid little interest shown by private operators to become cargo handlers on India’s river ports.
 
“When a sector is nascent, freezing standards into a concession agreement puts constraints on the authority’s ability to be flexible and adapt based on the concessionaire’s requirements and a mutually beneficial market arrangement,” the official said.
 
In October,

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