Uncertainty over Nhava Sheva project looms large

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It appears that PSA International’s minority Indian partner, ABG Ports, has pulled out of the project to develop the fourth container terminal at Jawaharlal Nehru port. PSA is currently prepared to go it alone, but with the constant uncertainty over how the government intends to set container handling tariffs, already causing all sorts of losses for other private terminal operators in major ports, one has to question if it really will. New tariff regulations are expected to discourage port investors, rather than the stated aim of lowering costs and increasing efficiency for the country’s shippers.