The Cabinet of Ministers has approved a proposal to develop the Eastern and Western Terminals including the proposal to operate the Eastern Terminal as a Container Terminal fully owned by the Ports Authority of Sri Lanka.
West Terminal of the Colombo Port to be developed as a Public-Private Partnership with Japan and India.
The Cabinet has subsequently agreed to the following proposals:
1. Operating the East Container Terminal as a wholly-owned container terminal of the Sri Lanka Ports Authority (SLPA).
2. Taking necessary steps to develop the West Container Terminal of the Colombo Port on the basis of operating and developing as a public-private partnership and return it within 35 years together with the Government of India and the Government of Japan nominated parties and SLPA.
