Public Private Partnership in State Ports Model Concession Agreement

Abstract

Ports play a vital role in the overall economic development of the country carrying about 90% of India's international trade by volume and 70% by value. They are vital links in the logistics chain supporting the nation’s growth and their efficiency is thus key to the competitiveness of the economy. There is a broad consensus that a sustained growth rate of about 8 per cent per annum is necessary for India to make progress in eliminating poverty and achieving a quantum jump in the quality of life of its citizens. The creation of world class infrastructure is key to achieving such a growth rate.