News Content
Concor, APMT and Maersk unite to bid to develop Colombo terminal
CONTAINER Corporation of India (Concor) together with APM Terminals, John Keells Holdings and Maersk Line have established a consortium to bid for the contract to develop the projected US$550-600 million East Container Terminal at Colombo.
At present, Sri Lankan port has four container terminals. Since the Colombo south harbour was developed to accommodate deep draft vessels in 2008 the Sri Lanka Ports Authority (SLPA) has decided to develop four new terminals, each with a capacity of 2.4 million TEU to cater to rising demand, reported The Hindu of Chennai.
The concession for the first new terminal was awarded to China Merchant Holdings in 2012 and became fully operational in 2015 as Colombo International Container Terminal (CICT).
SLPA invited expressions of interest for pre-qualification to bid for the development of East Container Terminal (ECT) on a BOT basis in June. The terminal will comprise three 400-metre berths and a 1,200-metre quay wall with 18 metres alongside.
As part of the bidding conditions, SLPA included a clause whereby preference will be given to a consortium, which includes a strategic investor from the region, taking into account 70 per cent of the throughput of the port of Colombo is sub-continental traffic.
Development of the ECT will be implemented as a public-private partnership in which SLPA will hold a 15 per cent stake and Concor at least 20 per cent
At present, Sri Lankan port has four container terminals. Since the Colombo south harbour was developed to accommodate deep draft vessels in 2008 the Sri Lanka Ports Authority (SLPA) has decided to develop four new terminals, each with a capacity of 2.4 million TEU to cater to rising demand, reported The Hindu of Chennai.
The concession for the first new terminal was awarded to China Merchant Holdings in 2012 and became fully operational in 2015 as Colombo International Container Terminal (CICT).
SLPA invited expressions of interest for pre-qualification to bid for the development of East Container Terminal (ECT) on a BOT basis in June. The terminal will comprise three 400-metre berths and a 1,200-metre quay wall with 18 metres alongside.
As part of the bidding conditions, SLPA included a clause whereby preference will be given to a consortium, which includes a strategic investor from the region, taking into account 70 per cent of the throughput of the port of Colombo is sub-continental traffic.
Development of the ECT will be implemented as a public-private partnership in which SLPA will hold a 15 per cent stake and Concor at least 20 per cent
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
