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Sri Lanka Ports Authority seeks an international partner for East Container Terminal

Wednesday, 15 July 2015 | 06:13
The Sri Lanka Ports Authority (SLPA) has planned to gain an advantageous situation in the region by increasing the container operation capacity under the Colombo Port Expanding Project and is seeking expressions of interest from international terminal operators for its East Container Terminal that is under development.

Civil constructions and construction of required yard facilities in the 450m long jetty is in the final stage.

The State-owned agency prepares to offer a 49% equity stake in the third container facility that is nearing completion at the Port of Colombo.

While the SLPA will hold the majority stake, it is seeking to partner with a global operator to improve productivity and win more business.

Ports and Shipping Minister Arjuna Ranatunga has made a formal request for proposals from shipping companies or private terminal operators interested in managing the East Container Terminal at the new Colombo South Harbor.

His proposal to call for expression of interests and issue Request for Proposals from interested parties to maintain operations of the jetty as a joint venture with a shipping company or a private terminal operator as to hold 51% of ownership by the SLPA has been given approval by the cabinet of ministers.

He is also seeking tenders to operate the multi-purpose berth at Hambantota.

Currently, the SLPA's older JCT and UCT terminals are losing business to private competitors in Sri Lanka and beyond, according to industry analysts.

The cabinet also approved appointing a Cabinet Appointed Negotiation Committee to make recommendations considering a successful proposal.
Source: Colombo Page
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