The Sri Lanka Ports Authority has entered an agreement with local blue chip conglom-erate Aitken Spence and Hong Kong-based port operator China Merchant Holdings to build a new container terminal. The first container terminal would be located at the new deepwater port that is to be built next to the Port of Colombo. The new South Container Terminal will include an invest-ment of US$500mn and will be managed by Colombo International Container Terminals. We have long argued that without expansion of its port sector, Sri Lanka would not be able to play a major role in Asian transhipment.
Sri Lanka’s business environment score is 42.7.
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