SLPA warns against too much competition in Colombo

As the tender process for Colombo’s East Container Terminal (ECT) enters its next phase, the Sri Lanka Ports Authority (SLPA) is concerned about excessive competition at the port.

China Merchants operates the only current deep water terminal in the port, while an APM Terminals (APMT)-backed consortium and the port authority itself run the other facilities.

At present, “the three terminals are competing and my view is that it is not a healthy situation,” SLPA chairman Dammika Ranatunga told the Sunday Observer.