Colombo Port East Container Terminal to be developed under new model
By: Staff Writer
Colombo (LNW): The Ministry ports and aviation is planning to implement a new model for the Colombo Port East Container Terminal, making it a more private-sector-oriented terminal, with the sate official presence as far as the administration and other things are concerned. Minister Nimal Siripala De Silva said.
“With the anticipated growth in the maritime sector, we may soon need additional terminals. Our ambitious North Port Development Project envisions four to six new terminals, all under private sector management, to attract further investment,” he added.
Moreover, the ministry recognizes the need for a Port Community System (PCS) in the Port of Colombo. The government is taking steps to address this, and expressions of interest from renowned organizations will be sought shortly.
He said “Additionally, we are aware of certain administrative issues within our ports, and we are committed to rectifying these concerns. Automation and closer collaboration with neighboring countries, such as Bangladesh and India, are essential for the efficient movement of cargo through Sri Lanka’s ports.”
He said that politically, we are actively fostering relationships with key players in the region to attract more shipping lines and container ships to Sri Lanka and through this the country aims to establish Sri Lanka as a strong hub in the Indian Ocean for transshipment.
Sri Lanka is looking at attracting investment for green hydrogen and green ammonia production in the Port of Colombo, Minister of Aviation and Shipping Nimal Siripala De Silva said.
“We have already reached out to institutions for expertise in this regard,” he said at the 26th AGM of the Sri Lanka Association of Vessel Operators (SLAVO) in Colombo last week and also commended their role in the industry. The Minister also said that the landscape of the maritime industry was rapidly evolving, with a strong emphasis on environmentally friendly practices.
Vessel owners worldwide are increasingly investing in green technology to reduce emissions. Consequently, our ports must be well-equipped to accommodate these eco-friendly vessels. Discussions in this regard have centered on green hydrogen, green ammonia, and enhanced connectivity.
While Sri Lanka’s economy may not be as extensive as others, we must align with these global trends and deliver accordingly. Furthermore, pragmatic policies are essential to attract foreign and private investors for port development. Even in countries with strong economies like India, the private sector and foreign investments play a pivotal role. Therefore, our government is committed to facilitating and supporting private sector growth.
“To remain competitive globally, we must also focus on nurturing a new generation of professionals in the maritime sector. While those present here today have accumulated vast experience, it is crucial to encourage young individuals to embrace this industry. Our educational institutions must produce professionals who can compete on a global scale,” he added.