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What is Port Authority mean?
In Canada and the United States, a port authority (less commonly a port district) is a governmental or quasi-governmental public authority for a special-purpose district usually formed by a legislative body (or bodies) to operate ports and other transportation infrastructure. In Canada, the federal Minister of Transport selects the local chief executive board member and the rest of the board is appointed at the recommendation of port users to the federal Minister; while all Canadian port authorities have a federal or Crown charter called Letters Patent.
Numerous Caribbean nations have port authorities, including those of Aruba, British Virgin Islands, Bahamas, Jamaica, Cayman Islands, Trinidad and Tobago, St. Lucia, St. Maarten, St. Vincent and the Grenadines.
Central and South America also have port agencies such as autoridad and consorcio (authority and consortium).
In Mexico, the federal government created sixteen port administrations in 1994–1995 called Administración Portuaria Integral (Integral Port Administration) in Spanish, as result of the Ley de Puertos (Port Law) of 1993. These are organized as variable capital corporations (Sociedad Anónima de Capital Variable), with the intent of creating more private investment in a state owned sector.
Port authorities are usually governed by boards or commissions, which are commonly appointed by governmental chief executives, often from different jurisdictions.
Most port authorities are financially self-supporting. In addition to owning land, setting fees, and sometimes levying taxes, port districts can also operate shipping terminals, airports, railroads, and irrigation facilities.
referencePosted on 04 Dec 2024, this text provides information on Miscellaneous in Governmental related to Governmental. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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