Sri Lanka Ports Authority to operate East Terminal first phase: Minister
Jan 24, 2017 10:53 AM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - Sri Lanka Ports Authority will procure cranes and operate part of a terminal which has since been offered to private investors, Ports Minister Arjuna Ranatunga said.
SLPA had already built a 400 meter section of the East Terminal of Colombo port, and investors had already bid to complete the terminal, but the process has since stalled.
Minister Ranatunga told parliament that cabinet approval had been sought to procure cranes and operate the first section of the terminal which has already been built.
He said no decision had been made on choosing an investor but discussions would continue.
Sri Lanka had been willing to have a 15 percent stake in the terminal which will be handed over to a private operator on a long term lease, but no final decision had been made, he said.
Ranatunga sad his personal preference was to have a 51 percent stake. (Colombo/Jan24/2016)