Region: East Asia and Pacific
Country: India
Sectors: Transportation
Keywords: Legal Framework, Ports
DocumentLink(s):
Document Details:
Model Concession Agreement (MCA) State Ports - Overview of the Framework, developed by the Planning Commission of the Indian Government.
This overview spells out the policy and proposed contractual framework for building and operating a port on a Design-Build-Finance-Operate-Transfer (DBFOT) basis in India. It addresses the issues which are typically important for limited recourse financing of port infrastructure projects, such as mitigation and unbundling of risks; risk allocation; symmetry of obligations between the principal parties; precision and predictability of costs and obligations; reduction of transaction costs; force majeure; and termination. It also addresses other important concerns such as independent monitoring and supervision, dispute resolution and financial support and guarantees by the Government.
Related Information:
Tracking Reference:
India_MCA Overview of the Framework_EN.pdf
Updated: March 27, 2021