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Sri Lanka seeks Indian help for ports’ development

Even as China is firmly entrenched in Sri Lanka’s Hambantota port, the island nation has three other major ports – Colombo, Trincomalee and Kankesanthurai – where India could collaborate for development, a Sri Lankan Minister has said in Dakhla, Morocco.

According to Ports and Shipping Minister Arjuna Ranatunga, his government is “looking at an Asian subcontinent investor” to partner with the Sri Lanka Ports Authority (SLPA) to invest and take over the East Container Terminal (of Colombo port) in private-public partnership mode.

“India has shown interest in the East Terminal and Colombo port. Seventy-five per cent of the trans-shipment goes to India. India is looking at getting a stake in Colombo port. There are a couple of private companies that came and spoke, and we will look at them in a positive manner,” the former Sri Lankan cricket great told IANS in a chat on the sidelines of an international event here.

According to reports, the state-run Container Corporation of India (Concor) has formed a consortium with APM Terminals, John Keels Holdings and Maersk Line to bid for the development of East Container.

-Gulf Today-

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