ADB, Sri Lanka Ports Authority ink agreement for $500m port project via PPP

ADB, Sri Lanka Ports Authority ink agreement for $500m port project via PPP

From left ADB president Takehiko Nakao and Sri Lanka president Maithripala Sirisena (image from ADB website).

Philippine-based Asian Development Bank (ADB) and the Sri Lanka Ports Authority (SLPA) signed on Tuesday a transaction advisory services agreement for the development of a $500 million port project.

The goal is to develop the East Container Terminal (ECT) of Colombo Port through public–private partnership (PPP).

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