Tuesday , 12 December 2017
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Colombo terminal concession process thrown into confusion

Local reports in Sri Lanka indicate that all parties bidding for a concession to operate the Port of Colombo’s East Container Terminal (ECT) have been eliminated from the process.

According to Sri Lankan newspaper, The Sunday Times, the Cabinet Committee on Economic Management (CCEM) has brought new conditions that rule out all the companies bidding for the project.

The media outlet claims that ports and shipping minister Arjuna Ranatunga has submitted a separate cabinet paper, seeking to cancel the concession process.

Instead, it is thought that he wants the Sri Lanka Port Authority (SLPA) to run ECT itself.

Currently, the SLPA already operates a terminal in the port while China Merchants and an APM Terminals-backed consortium run other container facilities.

Five consortia and two private entities are thought to have submitted expressions of interest (EOI) following the opening of the tender in June 2016.