Container Corporation Of India Ltd.

Container Corporation of India (Concor) has reportedly formed a consortium with APM Terminals B.V., John Keells Holdings and Maersk Line in order to bid for the development of East Container Terminal in Colombo. The total project value is likely to be about $550-600 million. The Colombo Port currently has four container terminals.

In 2008, a new harbour basin, the Colombo South Harbour was developed to accommodate deep draft vessels and the Sri Lanka Ports Authority (SLPA) decided to develop four new terminals, each with a capacity of 2.4 million TEU’s (twenty-foot container equivalent unit - a measure used in container shipping) to cater to increasing demand.

Container Corporation of India works mainly in three verticals -- cargo terminal, terminal operator and warehouse operator.