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Posts tagged as “Merchants”

Islamic Emirate Increasing Efforts to Raise Chabahar Port Activity

By Habib Rahman Qooyash in ToloNews, Sept 17, 2023 at 1:57 PMOfficials in the Islamic Emirate said that they have increased their efforts to develop the activity of Iran’s Chabahar port with the aim of not harming the merchants of the country and not relying on a single transit route. Zabiullah Mujahid, spokesman for the Islamic Emirate, emphasized that with the increase of the capacity in Chabahar port and the activation of the railway of…

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…