Power to grant licences

(1) The Minister may, after consultation with the Authority, grant in writing a licence to any person, corporation or other body to operate and manage a privatised port or related services, subject to such terms, conditions and restrictions and on payment of such fees as the Minister may consider appropriate. (2) An application for a licence or renewal thereof, shall be made in the prescribed manner and shall be accompanied by the prescribed fee. (3) A licence granted under this section shall be valid for such period not exceeding thirty-five years, as may be prescribed therein. (4) Every licence granted under this section shall make provisions for tariffs, charges and other fees (by whatever name expressed to be levied and collected at a privatised port). (5) A licence granted under this section may authorise the licensee to make by-laws, subject to the approval of the Minister, for all matters connected with or incidental to the operations and management of a privatised port. (6) The Minister may, if satisfied that there has been a breach of the terms and conditions of a licence granted under this section, or any contravention of any other provision of this Act or any regulations made there under, revoke or suspend such licence, after giving to the licensee at least one month’s notice of his intention to do so.