Sri Lanka to call for new port terminal bids by January

ECONOMYNEXT – Sri Lanka will make an international call for proposals to operate its new deep-water container terminal in Colombo port next month, Minister of Port and Shipping Arjuna Ranathunga said.

“We aim to call for EOIs expressions of interest) by January for the East Terminal,” he said at an event in the port to mark its handling of five million containers this year.

The East Terminal, being built by the state-run Sri Lanka Ports Authority (SLPA), is one of three terminals in the new Colombo South Harbour, which caters to the biggest container ships afloat.

The first phase of the project was commissioned in April this year with the completion of 400 metres of quay length of a planned 1,200 metres.

The ministry has said it wants to enter into a joint venture with an international partner to operate the terminal, offering an equity stake of 49 percent while retaining control.
(Colombo/December 21, 2015)

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