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New bill to empower major ports
01 Jan 2017
1 Min Read
CW Staff
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.