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"The vulnerability to privatisation has increased"

Hindu Business Line reports that the although NDA government was unsuccessful in privatising a state-run firm, they “have sowed the seeds for a relatively trouble-free sale later on with the help of strategic divestment involving public sector undertaking (PSU) to PSU deals. (…) With its new owner not a PSU in the strict sense of the word, DCI has also lost its PSU and mini ratna status. This is not the case, though, with the other deals because ONGC, NBCC and PFC are owned by the government and hence HPCL, HSCC and REC will continue to be subjected to DPE norms. Yet, their vulnerability to privatisation has increased, government sources added.”

Source: @businessline

A New South Wales Upper House inquiry into the state's port privatisations

A New South Wales Upper House inquiry into the state's port privatisations finds that key aspects of the deals were kept secret from Parliament and the public. “Labor's Shadow Minister for Industry and Resources, Adam Searle, said the government had concealed the port deal “because they knew it would sell the Hunter [region] short. They knew people in the Hunter wouldn't like it, but they did it anyway because they wanted to maximise the sale price for the other ports which they privatised.”

Source: Newcastle Herald

FG hands over Warri port terminal to concessionaire

The Bureau of Public Enterprises has privatized Terminal B of the Warri Old Port to a private concessionaire, Ocean & Cargo Terminal Services Limited. Mr. Abudu Eroje, Deputy Secretary-General, Maritime Workers Union of Nigeria (MWUN) “commended the concession of the Warri Port. He said that when fully operational, the port would ease the persistent gridlock on roads leading to the Lagos ports.”

Source: Punch Newspapers