By:Staff WriterColombo (LNW): The construction of the second phase of the Eastern Terminal of the Colombo Port commenced recently under the patronage of the Minister of Ports, Shipping and Aviation Nimal Siripala de Silva.
Furthermore, he mentioned that the construction work of the first phase of the East Container Terminal of the Colombo port will be completed by the end of this year.
The Minister also emphasized that he hopes to compete with other private terminals and earn higher income once the construction work is completed.
Construction works of the terminal, which will be conducted in three phases, are scheduled to be completed in 2024.
The Terminal which is spread over an area of 75 hectares is 1,320 meters long.
Once completed, the Sri Lanka Ports Authority (SLPA) will inherit a fully-fledged Terminal equipped with 12 STC cranes that handle operations from ships to the land and 40 Rail Mounted Gantry (RMG) Cranes.
The total expenditure expected to be spent for the project is US$ 510 million and the Ports Authority will spend US$ 200 million.
Access Engineering PLC and China Harbor Engineering Company LTD are jointly carrying out constructions.
The terminal’s construction, which will be conducted in three phases, is scheduled to be completed in 2024.
The total expenditure expected to be spent for the project is US$510 million and the Sri Lanka Ports Authority (SLPA) will spend US$200 million, according to a statement from the president’s media office.
“Upon the completion of construction, a new yard area of 40,000 square metres will also be added to the JCT.
Considering the fact that Port of Colombo (POC) was ranked as the 15th connected port, we invite the world shipping lines to consider more transhipment at POC.
The cargo that is brought to POC can be easily connected to the Indian ports, Africa, Bangladesh, Maldives and Far East.
Such service may also provide a competitive price for them. CASA could be the voice of being the brand ambassador in promoting the Port of Colombo as a transhipment hub and thereby contribute to growth,” he said.
In terms of tourism and cruise shipping, SLPA launched the project to develop and promote heritage city Galle’s Port into a fully-
“The four-year project is headed by the Sri Lanka Ports Authority (SLPA) and will be developed as a Public-Private Partnership (PPP).
Apart from port infrastructure, SLPA has identified the need to develop the ancillary services to move forward in the concept of a hub.
A successful hub port requires the full range of ancillary port and marine services at competitive prices in order to be attractive to mainline and feeder operators, casual callers, and attracting vessels specifically for services even without cargo operations.