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Pradeep Kumar

11/02/21 12:38 PM IST

Port Authorities Bill,2020

In news

Parliament passed the Major Port Authorities Bill, 2020

Aim
  • It aims at decentralizing decision making and to infuse professionalism in governance of major ports.
  • The Bill is aimed at reorienting the governance model in central ports to landlord port model in line with the successful global practice. This will also help in bringing transparency in operations of Major Ports.
Highlights
  • It will be curtains down for the Tariff Authority for Major Ports (TAMP); every port will now be governed by a Port Authority (board) which will have the powers to fix reference tariffs for various port services.
  • Shipping and waterways minister Mansukh Mandaviya said the new Act was not intended to privatise major ports but aimed at boosting their decision-making powers in order to compete with private ports.
  • The major-port sector hasn’t seen the required level of fixed assets creation to pare the country’s high logistic costs owing to legacy issues, including the TAMP’s archaic regulatory grip.
Source: PIB

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