Sri Lanka drops $280mn Colombo Port logistics JV with China Merchants, calls new PPP bids
5 Articles
5 Articles
Sri Lanka drops $280mn Colombo Port logistics JV with China Merchants, calls new PPP bids
ECONOMYNEXT – The Sri Lanka Ports Authority (SLPA) will seek a private partner through competitive bidding to build a new logistics hub at the Port of Colombo, after scrapping an earlier 280 million US dollar joint venture with China Merchants Port Holdings and Access Engineering PLC. The earlier project was formed in 2023 under South Asia Commercial and Logistics Hub (SACLH), with China Merchants holding a 70 percent stake, while the SLPA and …
Colombo Port to Pursue New Logistics Hub Under PPP Model After USD 280m JV Ends - Business News
The Sri Lanka Ports Authority (SLPA) will seek private investment to develop a new logistics hub at the Port of Colombo after an earlier China-backed joint venture was discontinued. SLPA plans to develop the new facility through a Public–Private Partnership (PPP) and select a private partner through competitive bidding. The earlier project, planned through the … The post Colombo Port to Pursue New Logistics Hub Under PPP Model After USD 280m JV …
Sri Lanka Terminates $280 Million Colombo Port Logistics Partnership with China Merchants, Invites New Public-Private Partnership Proposals
FINANCIAL CHRONICLE – The Sri Lanka Ports Authority (SLPA) has announced its intention to engage a private sector partner through a competitive bidding process for the development of a new logisti…
Colombo Logistics Hub Project Ends
Summary China Merchants Port Holdings has agreed to terminate its involvement in a planned US$392 million logistics complex at Sri Lanka’s Colombo Port. The settlement provides for repayment of project-related funds and the winding up of the joint venture, ending a development launched in 2023. Agreement brings development to a close The Colombo logistics hub […] <p>The post Colombo Logistics Hub Project Ends as CMPort Agrees to Exit first appea…
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