India is seeking to change its bidding process for terminal franchises, to attract more private investment. Delhi released details of proposals for a new model concession agreement (MCA) to address ambiguities seen in the existing MCAs and to provide a more equitable allocation of project risks. The proposals account for tariff discounts offered by terminal operators to keep charges competitive and retain customers. Under the current system, revenue share is payable on gross revenue calculated with tariff bands.
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