China Merchants to sign up for new Sri Lankan terminal

China Merchant Holdings will sign a build, operate and transfer deal for the first terminal of the new Colombo South Harbour on December 7, local sources say.
Under the BOT agreement the 2.4 million TEUs per year capacity terminal will revert to Sri Lanka ownership after 35 years. The entire Colombo harbour comprising several terminals and quays handled only 3.8 million TEUs last year.

Source: http://www.seatradeasia-online.com