EAST CONTAINER TERMINAL (ECT)

Second phase of Colombo East Container Terminal construction begins

President of Sri Lanka Gotabaya Rajapaksa and prime minister Mahinda Rajapaksa have announced the commencement of construction work for the second phase of the East Container Terminal (ECT) at the Colombo Port.

Construction of the terminal, which will be conducted in three phases in a project of US$510 million, is scheduled to be completed in 2024.

The total expenditure expected to be spent for the project is US$510 million and the Sri Lanka Ports Authority (SLPA) will spend US$200 million,...

https://container-news.com/second-phase-of-colombo-east-container-terminal-construction-begins/

ECT to begin operations second half of next year

  • Sri Lanka likely to get US$500-800 mn soft loan from Japan 
  • Agreement for terminal operating company to be finalised within next three months

The East Container Terminal (ECT) is to be operational by second half of next year under the proposed terminal operating company (TOC) that will be jointly formed by Sri Lanka Ports Authority (SLPA), Japan and India in which SLPA would have 51 percent stake, SLPA Chairman Kavan Ratnayaka told Mirror Business.

The SLPA officials estimate that the first...

https://container-news.com/ect-begin-operations-second-half-next-year/

Japan, India to support Sri Lanka in developing East Container Terminal

The government is gearing to fast-track the development of East Container Terminal (ECT) at the Port of Colombo jointly with Japan and India with the setting up of a terminal operating company (TOC), ensuring that the full ownership of ECT will remain with Sri Lanka.

According to informed government sources, Sri Lanka Ports Authority (SLPA) will own 51 percent equity stake in the TOC while parties nominated by Japanese and Indian governments will collectively hold the remaining 49 percent.

The...

https://container-news.com/japa-india-support-sri-lanka-east-container-terminal/

ECT bidding process to be cancelled

Sri Lanka – The Ports and Shipping Ministry this week sought Cabinet permission to rescind a 2016 bidding process for the deep water East Container Terminal (ECT) after squandering months on what started out as an effort to seal a public private partnership for the facility’s management.

Ports Minister Sagala Ratnayake presented the paper to the Cabinet this week, but notified ministers that he was withdrawing sections in the memorandum which also requested approval to buy container handling and...

https://container-news.com/ect-bidding-process-cancelled/