Most countries are reluctant to entirely privatize their port authorities, making port corporatization the model of choice. Today, the most commonly pursued route for port governance reform embraces the concept of an autonomous, government-owned port authority with terminal operations under private companies. Many countries fall short of fully e ective corporatization of their port authorities, however, because they retain some administrative and decision-making mechanisms under government control.
PortEconomics co-director Peter de Langen along with Periklis Saragiotis (World Bank Group) in their latest report published by World Bank outline the challenges countries face when seeking to corporatize their ports, summarize the benefits of such reforms, and suggest key steps in establishing an effectively corporatized port authority.
The report can be accessed and freely downloaded via World Bank’s website.