Saturday, August 27, 2016

Sri Lanka needs Indian landmass firm concerned in $400 million port contract

Sri Lanka is seeking a association that has got to embody a corporation from the Indian landmass to bid for a $400 million contract to make a port terminal, the ports minister aforesaid on weekday.

The move to incorporate AN Indian landmass firm may neutralise growing Chinese influence in Colombo’s port.

Arjuna Ranatunga, Sri Lanka’s ports minister, aforesaid a minimum of a twenty p.c stake in consortia bidding for the Colombo East terminal construction contract should be control by a firm from the Indian landmass.

The planned terminal is close to Colombo International instrumentality Terminals (CICT), operated by China Merchants Holdings on a 35-year build-operate-transfer basis, and a $1.4 billion 269-hectare saved port town, conjointly designed by a Chinese firm.

“We don’t specifically say Indian. however we want to know up to sixty five p.c of our cargoes attend Asian nation and seventy two p.c to the landmass,” Ranatunga told a remote Correspondents’ Association (FCA) forum.

President Maithripala Sirisena’s government has already renegotiated the port town deal and stopped Chinese obtaining a freehold on twenty hectares of land once Asian nation opposed the move.

Ranatunga aforesaid 2 Chinese corporations were among the twenty firms that have already bought the bidding documents for the new terminal contract. The point for bids is Gregorian calendar month. 31.

“Even Chinese firms have to be compelled to type a association with a minimum twenty p.c stake from a landmass company. It can’t be a Sri Lankan company. however it might be either a Asian nation or Asian country company,” Ranatunga aforesaid.

A fifteen p.c stake within the new terminal are owned by the state-owned land Ports Authority (SLPA).

Ranatunga aforesaid the planned port terminal would be the country’s best, with a depth of between 19-21 metres and nearly double the instrumentality handling capability of the Colombo port.

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