SLPA seeks equity partner
The Sri Lanka Ports Authority (SLPA) is seeking expressions of interest from international terminal operators for its ‘East Container Terminal’, offering a 49% equity stake in the third container facility that is nearing completion in 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.
Currently, the SLPA’s older JCT and UCT terminals are losing business to private competitors in Sri Lanka and beyond. John Keells Holdings already operates the South Asia Gateway Terminals (SAGT) and China Merchant Holdings operates Colombo International Container Terminal (CICT).
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