Sri Lanka’s Half-a-Billion Terminal Plan


A US$500 million container terminal is to be developed at Sri Lanka’s Colombo Port after it was announced that the Sri Lankan Ports Authority (SLPA) and the Asian Development Bank (ADB) had signed a transaction advisory services agreement, according to Deal Street Asia.

Sri Widowati, Country Director for Sri Lanka at ADB, said the terminal will be a key transhipment hub for global and regional trade.

Widowati said: “The project will bring leading operations and technology from the private sector to improve the port’s value proposition to global shipping lines and increase its market share in the global trans-shipment market.”

Ryuichi Kaga, Head of the Office of Public-Private Partnership at ADB, said: “A transparent competitive tender process is expected to deliver the best value for SLPA for the construction and operations of the terminal and can help create a new template for structuring and delivering PPPs in Sri Lanka.”

It was recently mooted that a multi-billion dollar mega-port city project is likely to be given the go-ahead and is set to be completed in February, 2016

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.

Supplier Directory

Find out how to get listed

Webinar Series

Find out how to attend

Latest Stories

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.