Box 5: Leasing in the Ports Sector In Asia, lease contracts are usually used in operating airport terminals or seaport container
terminals. Both India and Thailand have ongoing lease contracts to operate container termi-
nals at the seaports of Bangkok and Cochin, Karala State. The Indian contract is for 8 years
and involves private participation from the United Arab Emirates. The Thai contract involves
local companies and is to run for 7 years. In the People’s Republic of China, the Guangzhou
Baiyun Airport Terminal is operated under a lease contract with the Keppel Group of Singapore
which has a 15-year contract and 5% ownership of the project company.
Source: World Bank. 006. Private Participation in Infrastructure database.