Tag Archive | transport tariffs

Transport to get one transport regulator

Transport legislation to be revised.

In a written reply to a parliamentary question on the subject, the minister of transport, Ben Martins, says that his department of transport is considering setting up a single transport regulator to consider all matters relating to tariffs; the protection of the public as far as transport matters are concerned and to consider the revision of a number of regulations.

He emphasised that lessons learnt from the energy and communications sectors showed that regulators should be incorporated into the transport process itself and the “the new model might entail merging several economic regulators currently operating in the transport industry into one”.

According to the minister, he will now have an investigation commenced which will look at regulation of tariffs across the transport sector; regulations regarding quality of service  and matters regarding the protection of the public interest.

“Predictable tariff structures had to be put in place”, he said.

Minister Martins reply included the fact that necessary regulatory and legislative framework would be in place by 2014 to allow for the setting up of a single transport regulator, who would then be responsible for all transport infrastructure pricing including roads, aviation, rail and maritime matters.

The proposed regulator would be created via legislation and a position paper was to be drawn up by the end of the first quarter next year and draft legislation to follow.

He concluded that the idea was also to provide a better climate for investors.

Posted in Finance, economic, Public utilities, Security,police,defence, Trade & Industry, Transport0 Comments


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