Fri, 29 Mar 2024 Today's Paper

Chinese firms bid for USD 500 mn project in Sri Lanka

23 November 2011 07:18 am - 0     - {{hitsCtrl.values.hits}}

A A A

Two Chinese firms and a British company are bidding for a contract to build the USD 500 million Colombo South Harbour Container Terminal in Sri Lanka, an official said here Wednesday.

British group Boskalis International, along with China Harbour Engineering Corp and China State Engineering Corp are the three companies engaged in the bidding, reported Xinhua.

The official said the winning bidder will be selected in December and construction will begin in January.

"This is the largest foreign direct investment that Sri Lanka has received since the end of its three decade conflict in 2009. The joint-venture shell company that will develop and operate the terminal will be formed this month. It is expected to be titled Colombo International Container Terminals," he said.

The new terminal will add 2.5 million TEU (Twenty-foot Equivalent Unit) to the Colombo Port's capacity and will be able to accommodate the new-generation vessels carrying up to 18,000 TEU making it one of the largest ports in South Asia. (Source: IANS)

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 0

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment





Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

VAT increase: SOUNDs death knell for publishers, readers

Though the Government imposed VAT (Value Added Tax) on vegetables and other e

How female change-makers are driving Sri Lanka’s energy saving platform

Saving energy has become more of a responsibility than a habit in today’s c

A dull Ramadan awaits Muslims amidst the Soaring Cost of Living

In the coming days, Muslims across the world will welcome the Holy Month of R

New wildlife underpass to curtail HEC

As of February 2024, Sri Lanka lost another 38 elephants as a result of the H