49774 - SAGT Decarbonization

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Summary of Investment Information

Project Number

49774

Company Name

SOUTH ASIA GATEWAY TERMINALS (PRIVATE) LIMITED

Date SPI Disclosed

Jan 28, 2026

Country

Sri Lanka

Region

South Asia

Projected Board Date

Feb 26, 2026

Environmental Category

B - Limited

Status

Pending Disbursement

Last Updated Date

Jun 26, 2026

Department

Regional Industry - INF Asia & Pac

Industry

Infrastructure

Previous Events

Approved : Apr 9, 2026
Signed : Jun 24, 2026

Sector

Port and Harbor Operations

Additional Project Attributes

Public-Private Partnerships

Project Description

IFC is providing a financing package of up to US$23 million to South Asia Gateway Terminals (SAGT), to finance the purchase of new ship-to-shore cranes, prime movers and associated charging infrastructure. The investment could potentially include Managed Co-Lending Portfolio Program (MCPP) and the balance would come from a parallel lender. The equipment upgrade will support SAGT's competitiveness, productivity, and reduce fuel consumption and emissions.

SAGT is Sri Lanka's first public-private partnership international container terminal, operating at the Port of Colombo under a 30-year build-operate-transfer (BOT) concession awarded in 1999 by the Sri Lanka Ports Authority (SLPA). IFC was one of the original financiers, providing a US$35 million loan and US$7.3 million equity investment in 1999. SAGT is one of the five terminals operating at the Port of Colombo, a key transhipment hub for South Asia that serves India, Bangladesh, Pakistan, and the Maldives.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	13.14
Equity

Development Impact

Potential outcomes include improved access and quality of port services through equipment modernization, which will enhance efficiency in container handling and enable continuous terminal flow. Beyond the project, the investment is expected to enhance the competitiveness of Sri Lanka's maritime industry by sustaining Port of Colombo's regional and global trade integration. The Project is also expected to improve the sector's sustainability by enhancing access to sustainable finance.

Indicator	Metrics	Comments
Volume of Containers Handled	Number

E&S Category Rationale / Risks and Mitigation

This is a Category B project according to IFC’s 2012 Policy on Environmental and Social Sustainability. The proposed project will have limited adverse E&S impacts that are site-specific (confined only within the terminal area) and addressed through mitigation measures, defined in the attached ESAP, and good international industry practices (GIIP). Key E&S issues and risks are (a) company's HSE Management system and procedures and supply chain; (b) Occupational Health and Safety (OHS) working conditions, and life & fire safety (L&FS) risks in compliance to national/local regulations and PS2 requirements; (c) waste management; (d) hazardous material storage and movement; (e) emergency preparedness plan and response and (f) grievance management.

Contacts

For Inquiries About the Project, Contact

South Asia Gateway Terminals (Private) Limited
Janith Gunasiri
Chief Financial Officer
+94 11 2457600
Janith.Gunasiri@sagt.com.lk
P.O. Box 141, Colombo, Sri Lanka
https://www.sagt.com.lk

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Local Access of Project Documentation

www.sagt.com.lk

This Summary of Investment Information (SII) is prepared by IFC to disclose a factual summary of the main elements of the potential investment. Its purpose is to enhance the transparency of IFC’s activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the project sponsor. IFC considers that this SII is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed in advance of IFC Board of Directors’ consideration and may be periodically updated thereafter. Board dates are estimates only and this document should not be construed as presuming the outcome of the Board Directors’ decision. The following SII is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.

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