Wednesday , 16 October 2019
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EOIs invited to develop Colombo’s East Container Terminal

The Sri Lanka Ports Authority (SLPA) has invited expressions of interest (EOI) to develop Colombo Port’s East Container Terminal (RCT) on a build-operate-transfer (BOT) basis.

The terminal currently comprises a 440m long, 18 m deep quay, a 20 ha yard and supporting facilities developed by the SLPA.

The concessionaire will have the advantage of utilising current container handling equipment “and operating the existing facility while developing the rest of the terminal,” the EOI request for the pre-qualification stage said.

The SLPA anticipates that the concessionaire will commence operations at ECT “in the shortest possible time and develop it into a fully fledged terminal facility with equipment and systems run with state-of-the- art technology.”

The successful bidder will need to have market access to acquire additional transhipment container volumes, apart from handling organic volume growth and the ECT will be managed and operated as a common-user/open access terminal.

The Asian Development Bank has been appointed to provide “the transaction advisory services in the concessionaire selection process”.

The chairman of the government’s Cabinet Appointed Negotiation Committee (CANC), has invited sealed applications from interested parties for pre-qualification to submit proposals and the receipt of the award of the BOT concession.