China Merchants Holdings (International), China's second-largest port operator, announced on September 17th that its bidding alliance with Aitken Spence PLC has signed an unbinding agreement with the Sri Lankan government to build and operate a container wharf in Colombo in alliance with Aitken Spence.
The general manager of China Merchants Holdings International said the company plans to invest US$500 million into the wharf project in return for a 55 percent stake.
The alliance will build a container wharf near Colombo Port with a designed annual throughput of 2.4 million TEUs. It is expected to start operating in early 2013.
The general manager of China Merchants Holdings International said the company plans to invest US$500 million into the wharf project in return for a 55 percent stake.
The alliance will build a container wharf near Colombo Port with a designed annual throughput of 2.4 million TEUs. It is expected to start operating in early 2013.