Sri Lanka, Oct. 19 -- The Sri Lanka Ports Authority (SLPA) plans to develop a new integrated logistics hub at the Port of Colombo through a Public-Private Partnership (PPP), following the decision to discontinue an earlier joint venture project.

The new development will be pursued through a competitive bidding process, subject to the relevant approvals, the SLPA said in a statement issued on October 19.

The proposed facility will occupy a substantial land area within the port and support a wide range of port-related and value-added logistics activities.

The initiative aims to transform the Port of Colombo from a predominantly container transshipment hub into a more comprehensive maritime and logistics centre, providing enhanced servic...