SLPA to develop new logistics hub at Colombo Port under PPP model
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Newswire and Hiru News report that China Merchants Port withdrew from a logistics hub proposal valued at US$392 million for the Port of Colombo. Ada Derana’s Sinhala service also reports the company’s exit from the project; Hiru News’ Sinhala and Tamil services report the same development.
Daily Mirror and Ada Derana report that the Sri Lanka Ports Authority plans to develop a logistics hub at Colombo Port using a public-private partnership model. The supplied reports give no further details on the proposed arrangement or its schedule.
The Sunday Times reports that the SLPA agreed to a US$21.9 million settlement linked to the project. The reports provided do not specify the settlement’s terms or explain how it relates to the SLPA’s new hub plan.
Written automatically by AI from the outlets’ own reports, and not reviewed by an editor. It can be wrong — the original report is the authority.
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
- Daily Mirror · Colombo logistics centre targets US $ 400mn investment
- Lanka Business Online · United States Announces $17 Million Investment to Modernize Port of Colombo to Reduce Shipping Costs
- Newswire · Major setback as Chinese firm abandons US$392 million Sri Lanka investment