The Sri Lanka Ports Authority (SLPA) has decided to develop a new integrated logistics hub within the Port of Colombo under a Public-Private Partnership (PPP) model, following the discontinuation of a previously proposed joint venture. The new approach aims to attract private-sector investment, expand port-related services and strengthen Colombo’s position as a leading maritime and logistics centre in South Asia.
Following an assessment of prevailing external circumstances, commercial considerations and shareholder interests, the parties decided to discontinue the project. The shareholders will receive refunds of their respective equity contributions, totalling approximately US$ 29.8 million, subject to applicable regulatory requirements and operational expenses.
The SLPA will now pursue an alternative development strategy through a competitive bidding process, subject to the relevant approvals.
The proposed integrated logistics hub aims to expand the Port of Colombo’s capabilities beyond container transhipment by supporting a wider range of port-related and value-added logistics services.
According to the SLPA, the initiative is expected to attract private-sector investment, improve the use of port land and infrastructure, generate sustainable long-term revenue and strengthen Colombo’s position as a leading maritime and logistics hub in South Asia.
