Key Projects of Sri Lanka
Construction of South Asia Gateway Terminal
South Asia Gateway Terminal is a 30-year build–own–transfer public–private partnership contracted to a group of local and international corporations, including John Keelis Holdings, AP Moler Group and Sri Lanka Ports Authority, responsible for the construction and operation of the new terminal in the port of Colombo at Queen Elizabeth Quay. The Port of Colombo was selected as the location for the terminal as it is well positioned on the main East–West shipping route, linking the Far East with Africa, Europe and the USA, making it an excellent hub for international trade.
Since the turn of the century, the Government of Sri Lanka has attempted to harness public–private partnerships for the creation of infrastructure and to improve services across many sectors. However, the number of public–private partnerships that have entered the implementation stage has been limited.
The government’s interest in public–private partnerships to finance selected large-scale infrastructure projects has been set out in the Mahinda Chinthana ten-year strategy, which outlines commitments to involve the private sector in infrastructure development and the reform of state-owned enterprises.
The PPP unit in the Sri Lanka Board of Investment was established in November 2006 to serve as the facilitating body in the implementation of infrastructure projects carried out under public–private partnerships. Using the PPP unit, the government has made plans for the implementation of a number of public–private partnership projects in several areas including infrastructure development in the rail, road and port sectors.