Colombo International Container Terminals (CICT), initially known as China International Container Terminal by Chinese side, is a joint venture of China Merchants Port Holdings Company (CMPHC) and Sri Lanka Ports Authority (SLPA). CICT, commenced in 2013-14, comes under the Colombo South Harbour expansion plan (2011). It is noted that 85% of the partnership is held by CMPHC while 15% is being held by SLPA. it is significant to note that CICT is equipped with facilities to handle the largest vessels afloat, making it the only deep water terminal in South Asia. Since inception, its capacity to handle the vessels has grown over years. The Colombo port, with three container terminals including CICT, the Jaya container terminal (JCT), and the South Asian gateway terminal (SAGT), listed world’s 22nd after six percent growth in volume during last year.
Colombo International Container Terminals (CICT) is ending 2021 on a high note, celebrating its milestone 10th anniversary in Sri Lanka on 22nd December and reaching the milestone of 3 million teus within a year for the first time.
The company said its throughput for the full year is expected to reach approximately 3.1 million teus by 31st December, representing a healthy increase of around 11 per cent over 2020.