Bill to convert Major Port Trusts into port authorities gets Rajya Sabha nod
The new law will clear the decks for market pricing of services rendered by the government-owned port authorities and public private partnership (PPP) operators at these so-called major ports to help them compete with private ports that are free to set their own rates.
Currently, the rates for services provided by the port trusts and the PPP operators are set by the Tariff Authority for Major Ports (TAMP).
Chennai Port Trust, Cochin Port Trust, Jawaharlal Nehru Port Trust (near Mumbai), Deendayal Port Trust (Kandla), Kolkata Port Trust, Mumbai Port Trust, New Mangalore Port Trust, Mormugao Port Trust, Paradip Port Trust, V.0.Chidambaranar Port Trust (Thoothukudi) and Visakhapatnam Port Trust will be brought under a new law called Major Port Authorities Act.
Bill to convert Major Port Trusts into port authorities gets Rajya Sabha nod
February 10, 2021
The new law will clear the decks for market pricing of services rendered by the government-owned port authorities and public private partnership operators - The Hindu
The new law will clear the decks for market pricing of services rendered by the government-owned port authorities and public private partnership operators - The Hindu×
Biggest structural reform of major ports The Rajya Sabha on Wednesday passed a Bill that seeks to convert 11 of the 12 ports run by the Central government into “authorities” from the current “trustee” set-up, in the biggest structural reform of state-owned ports ever attempted by any government.