A final offer of US$150 million was made on Friday by the bidding consortium for the development of the South Container Terminal Project, informed government officials told the Sunday Times FT.
The bidders, China Merchants Holdings International (CHMI) and Aitken Spence met with the Cabinet Appointed Negotiating Committee (CANC) on Friday in an effort to break the deadlock over the net present value which the Sri Lanka Ports Authority (SLPA) had previously stated was too low. One official said the government had initially been looking to get US$240 million but revised that figure to US$160 during negotiations.
The CHMI/Aitken Spence consortium had initially offered US$125, revising that figure to US$137 million and finally to US$150 during the discussions held this week. The official also said that as part of CHMI/Aitken Spence’s upward revision of the net present value, the consortium has asked the government to address their concerns in the concession agreement. The CANC will most likely make their final decision on the US$150 million offer over the coming week. |
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