To help 15-20 public-private partnership (PPP) projects at major ports in the country, the Union government is set to announce a ‘migration policy.’ The new policy will be applicable for PPP projects signed on the basis of 2005 guidelines, the Union Shipping Secretary, Vishwapati Trivedi has said.    

He added that the government is working on the policy and it is expected to be out in the next three months. The new policy will the projects at major ports and will allow them more flexibility to suit the market conditions. PPP projects, based on the 2005 guidelines, get annual return on investment at the rate of 16 per cent.    

Once the policy comes into force, PPP developers will be able to revise tariffs on the basis of market requirements, but within a cap. However, this will not change the revenue-sharing formula. The private party will have to give a share of revenue, as determined earlier, Trivedi said.