Access Engineering exits unravelled Colombo port logistics hub with capital largely intact
From Daily Mirror ·
Headline from Daily Mirror
2 outlets · 2 reports · latest EN 2English 2 · all privateOwners: all private.
Photo: Daily MirrorAI summary · 2 min read
2 min readFrom 2 outlets- China Merchants Port Holdings, Access Engineering and the Sri Lanka Ports Authority were the venture’s shareholders.
- Access Engineering expects to recover about Rs.1.453 billion of its roughly Rs.1.762 billion investment.
- The settlement provides for contract termination and the winding up of the project company.
- The Sri Lanka Ports Authority plans to pursue a new logistics hub under a public-private partnership.
Based on: Daily Mirror, NewswireWritten by AI from Daily Mirror, Newswirethese outlets’ reports. Not reviewed by an editor. It can be wrong — the original reports are the authority. .
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Earlier coverage
Reports on the same subject from the months before this story.
- Lanka Business Online · Sri Lanka Outlines Strategic Development Plans for Colombo Port East and West Terminals
- EconomyNext · Hospital, casino drop out of Sri Lanka Port City as $1.12bn secured
- The Sunday Times · China Merchants logistics hub project off; SLPA agrees to $21.9m settlement deal
- Newswire · SLPA confirms cancellation of USD 280 million Chinese-backed Colombo Port logistics project
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