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Major ports now have a new tariff setting authority.
Jul 28, 2021

It’s official. After 24 years of fixing tariffs at the 12 major ports under Central government control, the Tariff Authority for Major Ports (TAMP) will no longer have that role. The Board of Port Authority, formed under the Major Ports Authority Bill 2020, will now fix tariffs, which will act as a reference during bidding for public-private-partnership (PPP) projects. PPP operators are free to fix tariffs based on market conditions, according to the Ministry of Shipping’s 2020-21 annual report.
 
The validity of the Reference Tariff Guidelines of TAMP was extended upto March 8, 2021, or until further orders, whichever was earlier. It’s now official that TAMP has been dispensed with, going by the ministry’s annual report, said an official.
    

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