Sri Lanka’s port authority has abandoned an earlier joint venture with China Merchants Port Holdings but will continue plans for a logistics complex of about 150,000 square metres at Colombo Port.
Sri Lanka Ports Authority has decided to pursue a new logistics hub at Colombo Port through a public-private partnership. The decision followed the withdrawal of China Merchants Port Holdings and local partner Access Engineering from an earlier joint-venture proposal. Colombo plans to seek a new investor through competitive bidding, subject to the required approvals.
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