China Merchant Port Holdings Limited (CM Port) has released the final tranche of payment for the Hambantota Port. The move marks the single highest ever Foreign Direct Investment (FDI) received by Sri Lanka to date.
Infrastructure/PPP news in Sri Lanka
The Sri Lankan Cabinet has approved the launching of tenders for the construction of new railways in the Hambantota district of the country on a build-operate-transfer (BOT) basis. The estimated project cost is US$800 million.
Sri Lanka's Prime Minister Ranil Wickremesinghe has announced that an industrial zone to be built in Bingiriya, in the west of Sri Lanka, will be developed through a public-private partnership.
The Board of Investment of Sri Lanka (BOI) invites proposals for a Public-Private Partnership (PPP) contract under a investing, constructing and managing scheme over a period of 50 years. The scope of the project comprises a 20,000 m3 /day seawater desalination plant in Hambantota, Sri Lanka.
China Merchants Port (CMPort) has announced that CMPort, Sri Lanka Ports Authority (SLPA), the Government of the Democratic Socialist Republic of Sri Lanka (GOSL), Hambantota International Port Group (HIPG) and Hambantota International Port Services (HIPS) have agreed on the terms of the Concession Agreement in relation to the development, management and operation of the Hambantota Port.
Sri Lanka's Cabinet has approved the establishment of a PPP Unit to replace the current unit within the Ministry of Finance and Mass Media.
Sri Lanka is to setup a separate division for Public Private Partnerships (PPP) under the Treasury with experts to support and advice on PPP projects.
Sri Lanka has delayed a joint venture with China Merchants Port Holdings Company to develop a port on the south-eastern coast of Sri Lanka.
The Sri Lankan government has given a step forward with its plans to produce desalinated water, issuing a request for qualifications (RFQ) on the Weliwita Bulk Water Supply PPP project and a request for proposals (RFP) for the Jaffna Kilinochchi Water Supply and Sanitation Project.
The Government of Sri Lanka is working with the Asian Development Bank (ADB) and the World Bank to create a public private partnership (PPP) framework in the country.
According to the project brief, the request for proposals is scheduled to be launched in 3Q 2016 and the proposals for the project would be submitted by 4Q 2016. The preferred bidder is expected to be announced in 1Q 2017.
The Sri Lanka Ports Authority (SLPA) has called for Expressions of Interest (EOI) for the development of the East Container Terminal (ECT).
The International Finance Corporation (IFC), a member of the World Bank, has launched a tender process to hire technical consultants for a Waste to Energy PPP project in Sri Lanka.
Last Friday, twenty-one Asian countries signed a Memorandum of Understanding (MOU) to establish the Asian Infrastructure Investment Bank (AIIB) as founding members in Beijing.
China Merchants Holdings International (CMHI) and China Harbour Engineering Company (CHEC) have signed an agreement to jointly invest in the Phase II of Hambantota Port, Sri Lanka.
The Goverment of Sri Lanka has launched a Request for submission of Expressions of Interest to engage a consulting firm to assist the Road Development Authority as a Public-Private Partnership Transaction Advisor for the Southern Highway Investment Program.