Government Set to Continue Flexible PPP Contracts for Inland Waterways Development.

The central government is expected to maintain its flexible approach toward Public-Private Partnership (PPP) contracts for inland waterways, rather than adopting a standard contract or model concession agreement for terminals. According to a senior official, this decision comes in response to the limited interest shown by private operators in taking on cargo handling at India’s river ports.

The government’s strategy is to remain adaptable, especially as the sector is still in its early stages. The official emphasized that locking in rigid standards through a concession agreement could hinder flexibility, preventing the government from adjusting terms to meet the evolving needs of concessionaires and fostering mutually beneficial market conditions. This approach is seen as crucial for encouraging investment and participation in the development of inland waterways.

BS