Private port

Colombo South Harbor, which will be more than double the ports capacity to handle containers, is likely to be built with private sector help.
Colombo Port will run out of space in 2012 after the Jaya Container Terminals (JCT) is expanded to its full potential of 5.5 million containers a year in the medium term.rn

rnThis week the Port commissioned the consultancy of Scott Wilson Kirkpatrick to develop detailed engineering designs for a 12-berth container terminal known as the Colombo South Harbor expansion project.rn

rnChairman of ports authority, Parakrama Dissanayake told LBR that they are looking at a public-private partnership in developing the Colombo South Port.rn

rnIn addition to engineering designs the consultants will also develop the legal framework such as concession agreements that is needed to inject private money into the project. rn

rnThe firm will also look into efficiency issues, which has improved of late.rn

rnldblquote The terms of reference have two strands. One is the deve