Spence to go global, eyes new Colombo port project
The blue chip Aitken Spence conglomerate has declared its interest
in Colombo port terminal operations as part of an ambitious expansion
both locally and globally.
are interested in expanding the scale of our activity to include
port operations,” Aitken Spence managing director Rajan Britto
said in the company’s annual report to shareholders. “Hence,
we will be interested to participate in the development of the Colombo
South Harbour when expressions of interest are called for.“
The Harry Jayawardena controlled company was earlier known to be
interested in acquiring the Jaya Container Terminal of Colombo port
when the government was considering privatizing or ‘corporatising’
it. Britto also said the firm is expanding its fleet of cargo vessels
and hopes to expand in south Asia with bases in Bangladesh and India.
He said the company has looked at hotel projects in India and even
Libya under plans to go global.
focus is on delivering medium to long term shareholder value and
will not be swayed by short term tactics that would merely make
us a show-piece in the stock market,” Britto said.Jayawardena
said the company wants to expand nationally and internationally.
our tourism business we thought we were somewhat well diversified
by destination in having hotel properties in Sri Lanka and the Maldives.”
However, the tsunami struck both countries. Hence we have to think
globally and we plan to go global with some of our multinational