Privatisation of trust ports in the United Kingdom: Review and analysis of the first sales

Alfred J Baird

Transport Policy, 1995, vol. 2, issue 2, 135-143

Abstract: This paper outlines the various models of port administration, analyses the first sales of trust ports in the UK under the Ports Act 1991, considers the issue of competition in the ports industry, and reviews ports privatisation practice internationally. The paper agues that: the method of sale relating to UK trust ports is unusual and inconsistent; ports were clearly undervalued; a number of port managers (former public servants) personally benefitted via disproportionate and entirely undeserved cash windfalls, and competition is being constrained in estuaries where successor companies now own virtually all commercial harbour facilities. International evidence confirms that the UK model of ports privatisation is certainly unusual, and may indeed be unique. The paper suggests that the whole issue of ports privatisation in the UK ought to be reviewed before any further sales occur.

Date: 1995
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Citations: View citations in EconPapers (21)

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