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The deepening of the entrance to the harbour by 16 metres will provide larger ships accessibility to the Port of Colombo. On completion of this Rs. 1.15 billion (USD 12.6 million) project, the Colombo Port will have the capacity to accommodate mainline vessels. The depth of the third and the fourth stages of the Jaye Container Terminal will be extended upto fifteen metres. “This expansion will allow container carriers with a capacity of more than 5000 Twenty Feet Equivalent Units [TEUs] to enter the port and Sri Lanka will attract more business,” a Ports Ministry source said. The contract for the project has been awarded to a Japanese contractor, Penta Ocean Wakachiku Joint Venture and the project is totally funded by the Sri Lanka Ports Authority [SLPA].
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