New bill to empower major ports
POWER & RENEWABLE ENERGY

New bill to empower major ports

In another big-ticket reform initiative, the Union cabinet has approved a bill that would give more autonomy and flexibility to major ports in the country. The Major Port Authorities Bill, 2016, will replace the Major Port Trusts Act, 1963. The new Major Ports Authority Bill, 2016, would help to impart faster and transparent decision-making, benefiting the stakeholders and better project execution capability. It is aimed at reorienting the governance model in central ports to the landlord port model, in line with successful global practices.

In another big-ticket reform initiative, the Union cabinet has approved a bill that would give more autonomy and flexibility to major ports in the country. The Major Port Authorities Bill, 2016, will replace the Major Port Trusts Act, 1963. The new Major Ports Authority Bill, 2016, would help to impart faster and transparent decision-making, benefiting the stakeholders and better project execution capability. It is aimed at reorienting the governance model in central ports to the landlord port model, in line with successful global practices.

Related Stories

Gold Stories

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram