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Thursday, March 20, 2014 - 05.53 GMT

Colombo Port to be further developed


The Bank of Ceylon has signed a financing agreement for Rs. 10.50 billion with the Sri Lanka Ports Authority (SLPA) for the development of the East Container Terminal (ECT), under the Colombo Port Expansion Project.

This project, facilitated through leading infrastructure development provider Hyundai Engineering and Construction Co. Ltd. in Korea is expected to complete in 2015.

SLPA emphasizes the importance of development of the ECT as a measure for bridging the capacity shortfall and also to sustain its strategic role in the Port of Colombo.

With the construction of the ECT, SLPA expects to have a deep draft berth to cater to new generation deep draft vessels, increase container handling capacity, reduce the ship waiting time in the port, increase the efficiency with latest equipment and to have a green port facility.





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Last modified: March 20, 2014.

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