Mumbai - The Ministry of Ports, Shipping and Waterways is set to unveil an improved Model Concession Agreement (MCA) for Public-Private-Partnership (PPP) projects in the sector. Shipping Secretary T.K. Ramachandran said on Monday that the revised framework incorporates all suggestions received from various stakeholders to make it more investor-friendly and globally competitive.

The MCA is a key policy document that sets out the standard terms for PPP projects, covering aspects such as allocation of risks, contingent liabilities, guarantees, service quality and performance benchmarks. The revised version is expected to provide greater clarity and comfort . . .