Sri Lanka renegotiates crane deal with China

COLOMBO (EconomyNext) – Sri Lanka Ports Authority is renegotiating the price of cranes to be supplied by a Chinese company for its new East Container Terminal under construction in the Colombo South Harbour.

SLPA chairman Lakdas Panagoda said they hope to get a better deal on the price of four pier-side gantry cranes and 12 rubber-tired gantries to transfer containers in the yard.

The cranes had been ordered by the previous management under the Rajapaksa regime when the SLPA began building the East Terminal in the new deep-water Colombo South Harbour.

The cranes are to be supplied by Shanghai Zhenhua Heavy Industries Company Limited of China.

Known as ZPMC, it is the world’s largest container handling equipment manufacturer who has supplied the Jaya Container Terminal of SLPA, South Asia Gateway Terminals and the newly commissioned Colombo International Container Terminal.

"Presently there has been an arrangement to buy cranes from ZPMC," Panagoda said in an interview. "But we are renegotiating the price. The agreed price is 68 million US dollars but we find that’s probably too high."

Earlier this month the Cabinet of Ministers  approved a proposal to buy the container handling cranes for the East Container Terminal of the Sri Lanka Ports Authority.

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