Published on 8/02/2018 12:22:46 PM | Source: Dion Global Solutions Ltd

Cabinet approves changes in Major Port Authorities Bill

The Union Cabinet on Wednesday approved the incorporation of the official amendments to the Major Port Authorities Bill 2016, which is pending in the Parliament. Based on the recommendations of the Department-related Parliamentary Standing Committee, the amended Bill proposes that the number of the Labour representatives to be appointed in the Port Authority Board among the serving employees of the Port has been increased from one to two.

The Member representing the interest of the employees shall hold office for a term of three years and shall not hold office for more than two consecutive terms and his Board membership is co-terminus with his retirement, the Cabinet said. The number of Independent Members in the Port Authority Board would be minimum two to maximum four, while every person who was receiving any retirement benefit from the Board of Trustees under the Major Port Trust Act, 1963 immediately before such date, shall continue to receive the same benefit from the Board.

The Board of each Major Port shall be entitled to create specific master plan in respect of any development or infrastructure established or proposed to be established within the port limits and the land appurtenant thereto and such master plan shall be independent of any local or State Government regulations of any authority whatsoever. After commencement of the Act, for PPP projects, the concessionaire shall be free to fix the tariff based on market conditions.