Adani Ports urges extended concession period and robust dispute resolution for maritime infrastructure

Adani Ports and Special Economic Zone (SEZ) have articulated vital suggestions to strengthen India’s maritime infrastructure and enhance global investment through the Public-Private Partnership (PPP) model. Subrat Tripathy, CEO (Ports) of Adani Ports and SEZ, emphasized the need for an “extended” concession period of approximately 50 years, coupled with a comprehensive dispute resolution mechanism. Tripathy’s propositions, unveiled during the 3rd Global Maritime India Summit 2023’s roadshow, resonate with the ongoing discourse on bolstering maritime capabilities.

Tripathy’s proposal of a 50-year concession period aims to invigorate investor interest and ensure consistent revenue inflow. Additionally, it mitigates the risk of disruptions to capital expenditure cycles near the end of a concession term. The CEO also underscored the significance of a robust dispute resolution mechanism within the PPP framework, which could instill investor confidence and streamline project execution.

Tripathy lauded West Bengal’s forward-looking stance in granting a 99-year concession period for the Tajpur deep sea port’s development. This commendation serves as a testament to the potential advantages of longer concession periods. Adani Ports’ proactive suggestions contribute significantly to India’s maritime landscape, fostering a conducive environment for investments and facilitating the realization of ambitious infrastructure projects.