Hutchison bids for Sri Lanka port
Ports-to-telecoms conglomerate Hutchison Whampoa Ltd, controlled by Hong Kong tycoon Li Ka-shing, said on Wednesday it is bidding for a Colombo South Harbour terminal in Sri Lanka.
By Agencies |
HONG KONG: Ports-to-telecoms conglomerate Hutchison Whampoa Ltd, controlled by Hong Kong tycoon Li Ka-shing, said on Wednesday it is bidding for a Colombo South Harbour terminal in Sri Lanka. But it denied a Sri Lanka newspaper report that its unit Hutchison Port Holding was the second-highest bidder, paying US$162 million for the project.
"We want to point out HPH's bid price for the project being quoted as US$162 million in the media was incorrect," it said in an e-mail reply to Reuters, without giving its bidding price.
Sri Lanka's Daily Mirror over the weekend quoted an unidentified source as saying that an Aitken Spence and PSA International [PSA.UL] consortium was the highest bidder at US$187 million, with HPH at US$162 million, CGM-Hayleys at US$97 million and John Keells Holdings at US$62 million.
"As far as we know, the evaluation committee has not yet concluded the appraisal of the financial bids," Hutchison said.
"The winner of the bid will be determined by whoever offers the highest guaranteed total financial return on a net present value basis to the Sri Lankan Government," it added.
The Colombo South Harbour terminal will have a capacity of 2.4 million 20-foot equivalent units.
Hutchison is the world's biggest port operator and its unit HPH has operating rights in 45 ports around the world.
"We want to point out HPH's bid price for the project being quoted as US$162 million in the media was incorrect," it said in an e-mail reply to Reuters, without giving its bidding price.
Sri Lanka's Daily Mirror over the weekend quoted an unidentified source as saying that an Aitken Spence and PSA International [PSA.UL] consortium was the highest bidder at US$187 million, with HPH at US$162 million, CGM-Hayleys at US$97 million and John Keells Holdings at US$62 million.
"As far as we know, the evaluation committee has not yet concluded the appraisal of the financial bids," Hutchison said.
"The winner of the bid will be determined by whoever offers the highest guaranteed total financial return on a net present value basis to the Sri Lankan Government," it added.
The Colombo South Harbour terminal will have a capacity of 2.4 million 20-foot equivalent units.
ADVERTISEMENT
Hutchison is the world's biggest port operator and its unit HPH has operating rights in 45 ports around the world.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
