Westports to bid for Sri Lanka terminal job
PETALING JAYA: Westports Holdings Bhd said it is bidding for Colombo Port’s new terminal in Sri Lanka.
In response to news reports on the bidding, the group said it had submitted an expression of interest to participate in the consortium bidding for the new terminal, noting the consortium bidding is an ongoing process.
Westports said it will make the appropriate announcements to Bursa Malaysia Securities Bhd in accordance with the Main Market Listing Requirements, “as and when there are material developments on this matter”.
It was reported that the group is working in a consortium of six companies led by Sri Lanka’s Hayleys PLC to jointly bid for a contract to build a terminal in Sri Lanka. The other four consortium members include Mitsui Corp, Mitsubishi Logistics, NYK, and Tata Realty and Infrastructure Ltd.
The terminal project is estimated to cost between US$550 million (RM2.37 billion) and US$600 million (RM2.6 million).
Westports closed lower 2.8% or 11 sen at RM3.84 yesterday, with some 10.81 million shares traded.