(1) A strategic development plan must set out ¾

(a) the port authority's medium to long term objectives (including economic and financial objectives) and operational targets and how those objectives and targets will be achieved; and

(b) an environmental management plan for the port.

(2) The matters that are to be considered by a board in the preparation of a strategic development plan include ¾

(a) competitive strategies, pricing, service efficiency and effectiveness, strategies for land use and infrastructure maintenance, financial requirements, capital expenditure, investment strategy, customer service arrangements, relevant government policy, personnel requirements, trade projections, trade facilitation and the environmental management of the port; and

(b) any other matters that the Minister and the board agree should be considered.