Transport Dept banks on new bill to improve the industry
The department says the law is also expected to see an efficient and cost-effective transport system to improve access and support economic growth.
Minister of Transport Sindisiwe Chikunga during a media briefing on key transport strategic areas. Picture: GCIS
JOHANNESBURG - The Department of Transport says the Economic Regulation of Transport Bill will usher in a new era of regulation within the industry.
It is one of three pieces of legislation signed into law by President Cyril Ramaphosa last week.
The law, which aims to streamline transport regulations, is expected to establish a unified framework and policy that will see an integration of pricing and access to transport facilities at the ports, rail, roads and aviation.
READ: Chikunga welcomes signing into law of Economic Regulation of Transport Bill
The department said the law was also expected to see an efficient and cost-effective transport system to improve access and support economic growth.
"It also paves the way for the establishment of the transport economic regulator, as well as the transport economic council. The transport economic regulator will oversee pricing, investigate complaints and enforce compliance by ensuring a fair competitive industry, whereas the transport economic council shall serve as an appeal institution on the decisions made by the regulator," said Department of Transport spokesperson Collen Msibi.