Sri Lanka's Colombo container terminal tender winner by end May
May 01, 2017 11:41 AM GMT+0530 | 0 Comment(s)
ECONOMYNEXT - Sri Lanka has promised India that the winner of a competitive tender to build a container terminal in Colombo port will be announced by end May, a media report said.
The process of selecting a build-operate-transfer (BOT) operator for Colomobo Ports, East Terminal which were called last year, has been stalled amid shifting goal posts and fears of corruption.
Sri Lanka's The Sunday Times newspaper said in a memorandum of understanding signed during a visit by Prime Minister Ranil Wickremesinghe, the port terminal winner would be announced by end May 2017.
Sri Lanka changed the original bidding conditions asking each consortium to include an Indian partner.
The largest shipping lines in the world including Maersk bid with Sri Lanka's John Keels and India's Concor.
Mitsui Corporation, Misubishi Logistics, Malaysia's Westport, NYK, Tata Realty and Infrastructure Limited have bid with Sri Lanka's Hayleys group.
Port of Singapore Authority, Pacific International Lines and India's Shapporji Pallonji have bid with Sri Lanka's Aitken Spence group.
However the bidding process was then put on ice, amid fears that a powerful economic committee was again asking for changes, spurring fears of corruption. (Colombo/May01/2017)