New Delhi: The Union Ministry of Shipping has decided to set up an authority to regulate the functioning of major ports along the coastline of the country.
The department on Monday circulated the draft of the new law it proposes to enact to set up the authority under the Major Ports Regulatory Authority Act, 2009.
The regulatory authority would comprise a chairman and four members with a five-year term and would have the liberty to set up regional offices as well.
The authority would decide on the rates for the facilities and services provided at the major ports and to monitor the performance standards of the port authorities and private operators providing such facilities and services.
The authority would also be vested with powers to arbiter specific disputes between port authorities and private players and groups of users. [23/06/09]
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