Colombo port container terminal concessions, SAGT and CICT
The Sri Lanka Ports Authority let two privately led terminal companies in which it holds equity, South Asia Gateway Terminals (development began 1999) and Colombo International Container Terminal (South Container Terminal agreement signed 2011), operate container berths in the Port of Colombo, and in 2024 they handled 2,025,840 and 3,353,067 TEUs, 5.38 million of the port's record 7,792,069 TEUs.
2,025,840 TEU, container throughput, south asia gateway terminals, 2024. 3,353,067 TEU, container throughput, colombo international container terminal, 2024. Sri Lanka Ports Authority, Annual Report 2024, container throughput of Port of Colombo by terminal, retrieved 2026-10-17.
The move, and what it needed
The Sri Lanka Ports Authority kept the land and a minority equity stake and let private terminal companies finance, build and run container berths against royalties and lease rent, then added each new terminal to the same port rather than to a rival one.
Preconditions
- A port authority that keeps landlord rights and a revenue share
- A location on the main East-West shipping lane that carriers want to call at
- Private partners that bring both capital and shipping-line cargo
Where else it has been used: The SLPA repeated the structure for West Container Terminal I, a 35-year BOT with Adani Ports and John Keells signed in 2021 and 2022.
Limits: The figures sit in a 177-page PDF, which the SLPA publishes about its own port, and the 5.38 million combined figure is the sum of the two terminal totals, not a number the report prints. Throughput is about 81 percent transshipment, so it measures Colombo's role as a regional hub for shipping lines more than delivery to Sri Lankan importers and exporters. The report does not restate the concession terms; the joint structure is visible only through the SLPA's equity holdings in both companies and the royalties and lease rent it books from them. CICT's private partner is China Merchants Port, a foreign state-owned group, so a hostile reader can call it a foreign investment with a local landlord. 1999 is the year SAGT development began according to the SLPA chronology, not the first year of operations. The record says nothing about tariffs, efficiency against the SLPA's own terminals, which handled 2,413,162 TEUs, or the value Sri Lanka captured.