🚢 No Policy Decision to Privatize ECT, Confirms Ports Minister

Ports Minister Anura Karunathilaka has officially denied rumors regarding the privatization of the East Container Terminal (ECT) at the Port of Colombo, emphasizing its status as a strategic national asset. • Current Status: The Government maintains that no formal policy decision or Cabinet-level discussions have taken place to privatize the terminal, despite significant interest from international and domestic investors. • Stakeholder Engagement: Any future strategic shifts regarding the maritime & logistics sector will involve prior consultations with port workers, trade unions, and relevant stakeholders to ensure national economic benefits. • Strategic Importance: As a core component of the Colombo Port, the ECT remains critical for Sri Lanka’s transshipment hubs. While the Government remains open to investment proposals, the Minister dismissed claims that a deal is already underway. • Key Takeaway: The terminal remains under state control via the Sri Lanka Ports Authority, with the Government prioritizing public interest over immediate divestment in the infrastructure sector.