ADB, SLPA Ink Transaction Advisory Services Agreement

The Asian Development Bank (ADB) and the Sri Lanka Ports Authority (SLPA) have signed a transaction advisory services agreement to develop the East Container Terminal (ECT) of Colombo Port through public–private partnership (PPP).

The $500 million project will include operationalization of the existing 400 meters of deep water berth and the full design, build, finance, operation and maintenance of the remaining 800 meters of berth.

The concession for the ECT is likely to be for 35 years.

“The terminal will maintain Colombo Port’s strategic position as a key trans-shipment hub for global and regional trade,” said Sri Widowati, ADB’s Country Director for Sri Lanka.

The project will bring leading operations and technology from the private sector to improve the port’s value proposition to global shipping lines and increase its market share in the global trans-shipment market.”

“ADB will advise SLPA in developing a bankable PPP structure and organizing a competitive tender process to select the private sector partner,” added Ryuichi Kaga, Head of ADB’s Office of Public-Private Partnership (OPPP).

SLPA has already invested $80 million in construction of the 400-meter berth at the terminal.

ADB also provided a $300 million loan in 2008 to support the construction of the breakwater of the Colombo Port.

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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