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.
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