It has been recently confirmed that the Government is set to improve infrastructure, shipping and naval services through public private partnerships (PPPs) at the East Container Terminal and Bandaranaike Quay in the Colombo Port. As a way to promote cruise tourism the Government has decided to upgrade the existing facilities to international level, s the Bandaranaike Terminal is currently being used only for general cargo handling at present.
Two local conglomerates a Chinese company and other participants have shown keen interest in bidding for the Bandaranaike Quay development project. In addition, as a response to Sri Lanka Ports Authority’s (SLPA) recent call for Expression of Interest (EOI), some companies have already submitted their bids.
The SLPA has also called for Expressions of Interest for the East Container Terminal (ECT) of the Colombo Port as other terminals in the Colombo Port have been 85% or 93% privatised. It is expected that the ECT will be managed and operated as a common – user/open access terminal.
Country updates
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July 02, 2018
CM Port pays final $ 584 m for Hambantota Port
China Merchant Port Holdings Limited (CM Port) has released the final tranche of payment for the Hambantota Port. The move marks the single highest ever Foreign Direct Investment (FDI) recei...
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June 10, 2018
It has been announced that China Merchants Port Holding´s last tranche of US$585 million has been held back
It has been announced that China Merchants Port Holding´s last tranche of US$585 million has been held back. The company wants to use a man-made island for entertainment purposes. Opposition leaders h...
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June 05, 2018
Sri Lankan government approves US$800 million rail PPP
The Sri Lankan Cabinet has approved the launching of tenders for the construction of new railways in the Hambantota district of the country on a build-operate-transfer (BOT) basis. ...
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December 27, 2017
It has been confirmed by The Central Bank the receipt of the first payment from China Merchant Port Holdings for an amount of US$ 292.1 million, regarding the public-private partnership with the Sri Lanka Ports Authority (SLPA) over the management of the port
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December 13, 2017
The Sri Lankan Government has approved the proposal to develop the project under a PPP scheme
The Sri Lankan Government has approved the proposal to develop the project under a PPP scheme. The government will enter in to an agreement with the developer, CHEC Port City Colombo, part of China Communication Construction Company Limited (CCCC)
