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Cabinet approves to develop West Terminal under PPP with Japan & India

02 Feb 2021

The Cabinet of Ministers has yesterday approved a proposal to develop the West Container Terminal (WCT) under a Public-Private Partnership (PPP) with Japan and India as the nominated partners for 35 years, while the ECT will function under the SLPA. Thereby, the East Container Terminal would be operated as a wholly owned container terminal of the Sri Lanka Ports Authority, while taking necessary steps to develop the WCT of the Colombo Port on the basis of operating and developing as a PPP and return it within 35 years together with the Governments of Japan and India nominated parties and the SLPA in compliance with the International Agreements signed by Sri Lanka with a view to develop the Colombo Port. Further, the Co-Cabinet Spokesperson Udaya Gammanpila stated that the funds for the development of the ECT will be obtained by the personal funds of the SLPA and additional help from local banks.

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