Vol. LXI No. 231 FRIDAY 24th DECEMBER 2021
Sarbananda Sonowal announces Tariff Guidelines, 2021 for PPP projects in Major Ports NEW DELHI: In a major reform for the Port sector, Union Minister for Ports, Shipping & Waterways, Shri Sarbananda Sonowal announced the Tariff Guidelines, 2021 for the PPP projects in Major Ports. The need for new guidelines arose consequent upon the new Major Port Authority Act,2021 coming in vogue w.e.f. 3.11.2021. In the new Act, the provision of the erstwhile Tariff Authority for Major Ports (TAMP) stands abolished. The Guidelines allow the concessionaires at Major Ports to set tariffs as per market dynamics. Currently, Major Port’s PPP concessionaires handle around 50% of the total traffic
handled by all the Major Ports in India. The biggest benefit of transition to market linked tariff is that a level playing field will be provided to the PPP concessionaires at Major Ports to compete with private ports. PPP concessionaires at Major Ports were constrained to operate under the stipulations of these guidelines (by TAMP) whereas private operators/PPP concessionaires at non-major ports were free to charge tariff as per market conditions. These new guidelines will be applicable for future PPP projects including the projects which are currently under the bidding stage. Cont’d. Pg. 6
Bahri announces Year 2021-22 expected to end with exports of $ 400 Bn : FIEO appointment of CEO merchandise India’s Merchandise Exports Outlook for 2021-22 and RIYADH: Bahri has a n n o u n c e d t h e resignation of its CEO, Eng. Abdullah Ali Aldubaikhi in order to pursue his career elsewhere. The Board approved the resignation on 19 December 2021 effective 1 April 2022. The Board also approved the appointment of a member of its Board of Directors Eng. Ahmed Ali Alsubaey (Non-Executive) as the CEO of Bahri as of 1 April 2022 and amending his membership status to be an Executive Member as of that date. Cont’d. Back Pg.
its forecast for 2022-23: Dr A Sakthivel, President, FIEO NEW DELHI: The fiscal year 2021-22 is expected to end with merchandise exports of US$ 400 Bn. As this would be on a high base for FY’ 2022-23 unlike last year, said FIEO President, Dr A Sakthivel. Thus, export growth of 30-35% on such numbers would be difficult particularly as additional exports may require augmenting the capacity as well. Cont’d. Pg. 5
Dr A Sakthivel