The SLPL`s participation model, after the implementation of the above agreement, will be as short: But there has been no progress in the project after the signing of the Memorandum of Understanding and the concession agreement, and the company failed to deposit the bank guarantee of 37.5 kronor required from GMBH and pay the rent for the 84.95 hectares. However, contrary to previous experience, the third edition of the MCA is developed by the ministry on the basis of ideas or proposals from “existing/potential investors/PPP dealers/individuals/stakeholders.” “In addition, Gujarat proposes a 30-year concession period for green prairie ports, which can be extended by an additional 20 years, while other states offer a concession period of 50 to 60 years. This needs to be reviewed and revised,” said a senior official of the GMBH HEALTH on the conditions of anonymity, adding that it would take at least six months for the government to adopt the policy. “Instead of reviewing the wavs, why not consider solving the problems of existing concession agreements. You are only talking about a new MCA. The time must consider and correct the difficulties/problems of existing concession agreements,” he said. The group`s flagship, Sterling Biotech Ltd, and its consortium members have jointly set up a separate company –Sterling Port Ltd–for the construction of the port. To this end, a concession contract was signed with LA GMB in June 2014. However, according to the agreement, the company should invest 2,500 euros us to develop the project. It was decided to submit to GMB 5 Crore, or 1.5 per cent of the total cost of the project. Barely two years after the NDA-1 cabinet revised the model concession agreement (MCA) for public-private partnership (PPP) projects with large port funds, the Ministry of Navigation is back on the drawing board in an attempt to reshape the key document that defines the terms of a port contract. The policy has helped to open up Gujaat`s port sector to privatization and to develop different delivery models to attract investment.
During this period, Pipavav was the first private port of the developed country in India. This was followed by the first chemical terminal and the first LNG terminal in Dahej. The duration of the agreement is 30 years from the start date of the operation and can be extended by twenty years on terms agreed by mutual agreement. The implementation of this agreement gives SLPL the exclusive right and power to develop, finance, design, build, operate and maintain the port. Traffic at private docks has increased by only 7.8% over the past ten years, compared to the overall growth of 13.2% of all non-large ports in Gujarat over the same period. Many private moorings face problems in achieving the guaranteed minimum cargo, he said, adding that there was a strong need to also review the private jetty policy.