Rotterdam council this week pushed mayor and aldermen to press on with plans
to turn the world's largest port into a limited liability company. Mayor and
aldermen must submit proposals on the idea before May, the council decided late
on Thursday.
The city council said the port management will perform better if the port is
forced to return a profit to government shareholders than as a part of the
city's civil service.
This would eliminate bottlenecks in raising money to build large
infrastructure projects at the port such as the second Maasvlakte extension.
And the central government could get a return on its EUR600 Mln. investment
in the Maasvlakte by taking a minority stake in the corporation. As majority
shareholder, the city council, in turn, would keep the port's management in
hand.
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