Sri Lanka, Oct. 19 -- The Sri Lanka Ports Authority (SLPA) announced plans to develop a new logistics hub at the Port of Colombo through a Public-Private Partnership (PPP) model following the decision to discontinue the previously proposed joint venture involving China Merchants Port Holdings and Access Engineering PLC.

In a press release, the SLPA said the new project would be pursued through a competitive bidding process, subject to the necessary approvals, as the authority seeks to strengthen Colombo's position as a leading maritime and logistics centre in South Asia.

The earlier project was to be developed through South Asia Commercial and Logistics Hub (SACLH), a joint venture established in 2023. China Merchants Port Holdings, thr...