Expansion Plan

July 31, 2013 (LBO) - State-run Sri Lanka Ports Authority (SLPA) expects to invest in foreign ports and look for opportunities in terminal management, a strategic plan running up to 2020 said.

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SLPA already has a 15 percent stake in Colombo International Container Terminal, where China Merchant (International) is the majority partner.

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"..SLPA will jointly explore such investment opportunities," SLPA's 'Vision2020' strategic plan said.

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SLPA said its presence in feeder ports in the region would help generate more business.

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Already two investment rounds have been called at Hambantota port where selected investors in the first round are just beginning construction.

SLPA runs its own 'Jaye' container terminal in Colombo port and is building a deepwater berth in the so-called East Terminal of the South Harbour expansion project which can handle mega vessels.

The strategic plan said SLPA staff had developed "extensive managerial and operational skills" which could be used to manage and operate foreign t