On the 6th of June 2016, the Sri Lanka Port Authority’s called for Expressions of Interest (EOI) for a Build Operate Transfer (BOT) commission of the East Container Terminal at the Colombo port. Subsequent to EOIs being submitted by several consortia and single bidders, media reports have indicated that new conditions are to be introduced which disqualify several parties that made initial submissions.
The National Agenda Committee (NAC) on Logistics and Transport, the NAC on Infrastructure, as well as the Ceylon Association of Ship Agents (CASA) made submissions to the government on the implications of changing to the terms of the bidding process for the ECT, on investor confidence and future public private partnership (PPP) projects.
With national interest at the core of its agenda, the Ceylon Chamber wishes to highlight the following implications to Sri Lanka as an investment destination if the terms of the EOI were to be amended at this point, which is long past the date on which all submissions were accepted. The Chamber also submits key recommendations for progressing with the ECT project.