Port Call

Two of the largest port operators in the region are keen to invest in the Jaya Container Terminal (JCT) operated by the Ports Authority.
Hutchison Port Holdings and PSA the state owned Singaporean port operator has already shown interest to the BOI to invest in the booming Colombo port.rn

rnWestport of Malaysia, which is part owned by Hutchison Port Holdings had expressed interest in investing in the Colombo harbour to a high level government team that visited that country recently.rn

rnThe JCT was incorporated as a limited liability company fully owned by the Sri Lanka Ports Authority (SLPA).rn

rnThe JCT, through which containerisation was introduced to the island, has seen massive productivity gains over the last year.rn

rnThe overall container traffic growth at the port is expected to hit 14 percent this year, making it the fastest growing port in the world.rn

rnChairman of the Port Authority, Parakrama Dissanayake however says, the government should review any plans to privatise the JCT,