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Transport | August 2013

New port projects get tariff freedom

Cargo handlers in major ports across India got much awaited relief when the centre announced new, simplified guidelines for tariff determination for major projects, aimed at paving the way for increased investment flows into the port sector. The guidelines focus on performance standards, which effectively means that cargo handlers can raise rates once a year based on market conditions if they meet some performance benchmarks, the shipping ministry said in a policy announcement.

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