Saturday, March 29, 2008

Sri Lanka scraps bid for $400m terminal at Colombo port

Sri Lanka, aiming to increase cargo capacity at Colombo port by half, scrapped bids for a $400 million terminal, a ministry official said.

New terms will be added and fresh bids will be called in three months, Tilak Collure, a ports ministry secretary, said in a phone interview from capital Colombo. He declined to elaborate.

Hutchison Port Holdings and PSA International, which were among five companies that bid for the 2.4 million-containers-a-year facility at Colombo's south harbour, will have to resubmit their offers, Collure said.

The companies are known to be the world's biggest port operators.

Read more,
http://www.gulfnews.com/business/Shipping/10201264.html

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