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Sri Lanka seeks Indian stake in Colombo port amid Chinese presence



Sri Lanka would like to see an investor from India take a share in a private consortium that will be given a concession to build and operate a container terminal in Colombo port, a minister said, amid a strong Chinese presence already in the port.

Sri Lanka’s John Keells Holdings, Hayleys and Aitken Spence have shown early interest in the building the terminal, along with global shipping lines like Maersk and NYK Lines, Ports Minister Arjuna Ranatunga said.

Minister Ranatunga said Sri Lanka would like to see an Indian investor take at least a 20 percent stake in a consortium that will run the East Terminal of the expanded deep draught South Harbour of Colombo Port.

The South Terminal of the port is already owned and operated by China Merchant Holdings (International).

"We would like to see an Indian investor take at least a 20 percent stake," Ranatunga told members of Sri Lanka’s Foreign Correspondents Association.

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