Sri Lanka’s Colombo Port Expanded

MarineLink.com
Wednesday, August 07, 2013
Photo: P. Kumara

The newly expanded Colombo Port formally opened for business yesterday, a move that will allow Sri Lanka to enter as a leading South Asia trans-shipment hub.

Sri Lanka President Mahinda Rajapaksa opened the port, which was also attended by Xiaoyu Zhao, Vice-President at the Asian Development Bank (ADB).

With a new breakwater, deeper basin, and the first of three modern new terminals now open, Colombo Port can accept the latest generation of 18,000 20-foot equivalent units (TEU) container ships and has facilities to send goods faster and more cost efficiently to other ports in the region.

“The Colombo port is extremely well located to serve the Indian subcontinent region. The enhanced deepwater facilities at Colombo Port will strengthen its strategic position on the key Asia-Europe shipping route, and would significantly boost regional trade,” said Mr. Zhao.

The project was developed on a public-private partnership basis. The ADB provided a $300 million loan for the construction of breakwater infrastructure. With government counterpart funding of $100 million, this was successfully completed by the public sector.

The South Container Terminal, the first of three container terminals to be accommodated on the breakwater, is being implemented with about $500 million of private sector investment from the Colombo International Container Terminals (CICT) – a joint venture established between China Merchant Holdings International and the Sri Lanka Ports Authority.

The first 400 meters of container operations will start operations today, providing additional capacity of 0.8 million TEUs per annum. The East and West Container Terminals are currently in planning stages. When fully opened, the three terminals will add a combined container handling capacity of 7.2 million TEUs to the existing port operations.

adb.org
 

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Bollore Consortium Misses out on Cameroon's Kribi Port Shortlist

A consortium led by France's Bollore failed to make the final shortlist of firms vying to manage a new container terminal in Cameroon's southern port of Kribi,

Long Beach Picketers Not Striking -Port CEO

Port of Long Beach CEO Jon Slangerup issued a statement addressing the status of picketing truckers at the harbor, pointing out that the demonstration is not a strike.

AAPA Elects Quinn as Chairman of the Board

The American Association of Port Authorities (AAPA) elected Jim Quinn, president and CEO of New Brunswick, Canada’s Port Saint John, to serve as the international

News

US Designates Three Marine Highway Projects

U.S. Transportation Secretary Anthony Foxx has designated three new Marine Highway Projects.   The Mississippi and Illinois Rivers, previously designated as the M-55 and M-35,

Long Beach Picketers Not Striking -Port CEO

Port of Long Beach CEO Jon Slangerup issued a statement addressing the status of picketing truckers at the harbor, pointing out that the demonstration is not a strike.

Baltic Index Flat on Muted Shipping Activity

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, remained flat on Monday on muted shipping activity.   The overall index,

Government Update

US Designates Three Marine Highway Projects

U.S. Transportation Secretary Anthony Foxx has designated three new Marine Highway Projects.   The Mississippi and Illinois Rivers, previously designated as the M-55 and M-35,

IMO Forum Aims to Rebuild Somalia's Maritime Sector

A three-day Stakeholders Forum will be held April 27-29 to review draft guidelines for the establishment of a Somalia Maritime Administration, coordinated and funded

EPA Promotes Green Initiatives at Port of Houston

U.S. Environmental Protection Agency (EPA) Administrator Gina McCarthy visited the Port of Houston April 24 to highlight grants aimed at improving air quality. The port will receive about $900,

Logistics

Bollore Consortium Misses out on Cameroon's Kribi Port Shortlist

A consortium led by France's Bollore failed to make the final shortlist of firms vying to manage a new container terminal in Cameroon's southern port of Kribi,

Long Beach Picketers Not Striking -Port CEO

Port of Long Beach CEO Jon Slangerup issued a statement addressing the status of picketing truckers at the harbor, pointing out that the demonstration is not a strike.

Baltic Index Flat on Muted Shipping Activity

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, remained flat on Monday on muted shipping activity.   The overall index,

 
 
Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2173 sec (5 req/sec)