| History |
In September 1999, a concession agreement was signed between the government of Sri Lanka and a consortium of local and international establishments in shipping, commerce and finance.
This consortium known as South Asia Gateway Terminals (SAGT) took over the operation and management of the historic Queen Elizabeth Quay (QCT) in the Port of Colombo, on the 5th of September 1999 on a 30 year Build-Own-Transfer (BOT) concession. Thus emerged the first modern private container terminal in Sri Lanka.
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| This is one of the largest foreign investments in Sri Lanka and was completed in three phases in 2003. Each of the phases involved the redevelopment of a berth at the QCT and included reclamation, steel piling, reinforced concrete decking, new pavements, reefer stacking areas, electrical infrastructure and the introduction of the most modern container handling systems. |
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