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Posts tagged as “enterpirse”

Sri Lanka gives Chinese company 50-year exclusivity for port logistics venture

By Kapila Bandara in The Sunday Times, Apr 30, 2023Sri Lanka has granted sole and exclusive rights to the Chinese state enterprise China Merchants Port Holdings Company for a logistics centre in the Port of Colombo for 50 years. The public-private venture on build, operate, and transfer (BOT) terms, involves Sri Lanka Ports Authority (SLPA), and civil engineers Access Engineering Plc as minority shareholders. SLPA is not allowed under the BOT agreement, “to grant any…