Sri Lanka to get private investors for West terminal in Colombo

ECONOMYNEXT – Sri Lanka will attract private investment into a planned West container terminal and study the feasibility of a ‘cross-berth’ terminal between two existing terminals, a five-year government policy document said.

The government plans to double container handling capacity at Colombo Port, the 2020-2025 policy document said.

The development of the East Container Terminal will be prioritized.

Under the last administration, development of the terminal with private investors were abandoned despite top global shipping lines expressing interest and joint venture with Japan India and Sri Lanka Ports Authority is expected to buy cranes and operate it.

The feasibility of a new cross-berth terminal between the East Terminal and existing South Asia Gateway Terminals will be studied.

The West terminal will be built with private capital.

Three rail and road based container terminals will be developed in Peliyagoda, Veyangod and Ratmalana with private capital. (Colombo/Dec15/2019)