The Sri Lankan Cabinet has approved the incorporation of a limited liability company, Colombo Eastern Container Terminal (Private) Limited, to manage and operate the Eastern Container Terminal (ECT) of the Colombo Port. Earlier in 2021, the Cabinet had approved the development of both the Eastern and Western Container Terminals under the Colombo South Port Project.
According to the government, the new company will operate with full rights of the Sri Lanka Ports Authority (SLPA). The SLPA Board of Directors proposed the creation of a separate entity to enhance economic returns, ensure operational efficiency, and strengthen competitiveness with private terminal operators.
The proposal aims to streamline the ECT’s management structure while keeping it under state control through a corporate framework designed to improve performance and attract future investment.
