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Leith Docks

Volume 202: debated on Tuesday 21 January 1992

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To ask the Secretary of State for Transport if he has received recent representations from the Forth ports authority about the privatisation of Leith docks, including a management buy-out; and if he will make a statement.

On 8 January the Forth ports authority submitted under the provisions of section 9 of the Ports Act 1991 for confirmation by my right hon. and learned Friend a scheme for the transfer of their undertaking to a successor company formed under section 1 of the Act. The authority has announced its intention to sell its undertaking by means of a flotation, and I understand that it intends that the flotation should include provision for a substantial shareholding by management and employers.My right hon. and learned Friend and I very much welcome this decision by the largest trust port in Scotland to seek privatisation under the Ports Act.