Colombo South Harbour port terminal

When ready, Sri Lanka's new Colombo South Harbour port terminal, a US$ 500 million project built by a consortium led by China Merchant Holdings International which put up 55% of the funding compared to local partners Aitken Spence and the Sri Lanka Ports Authority, who will maintain a 30% and 15% stake, respectively, will be the only port in the region equipped to service new 18,000 Twenty foot Equivalent Units (TEUs) container vessels when they come online in 2013, according to Dr. Parakrama Dissanayake, Deputy Chairman of Aitken Spence's Cargo Sector business unit.