If
the HAM model is approved, it will be the first for a port project,
necessitating a large-scale restructuring of the Vadhavan project parameters. Port industry sources are however sceptical
of adopting the HAM model for port contracts, citing challenges associated
with cargo handling activities and collection of vessel related and
cargo-related charges from the users of the facility.
Till
the clarity on the model is arrived at, Cabinet approval cannot be expected;
moreover, with the Election being very near, it means any new project for
approval from the Cabinet must wait for the formation of a new government to
take charge.
The
Vadhavan port project has no other choice but to wait, it appears so.