Home / Front Page/ Colombo Port launches accelerated expansion

Colombo Port launches accelerated expansion


Comments / {{hitsCtrl.values.hits}} Views / Friday, 12 April 2019 00:00

Facebook

 The JCT at Colombo Port

 

  • SLPA to purchase STS Cranes for JCT 5 expansion

 

Ports, Shipping and Southern Development Minister Sagala Ratnayaka announced that the Sri Lanka Ports Authority (SLPA) was in the process of purchasing three Ship to Shore (STS) cranes in view of the Jaya Container Terminal (JCT) 5 expansion. 

“I am glad to announce that the Sri Lanka Ports Authority (SLPA), upon Cabinet approval, is now in the process of purchasing three STS cranes for the JCT 5 expansion. The $ 25 million investment has been approved by a Cabinet-appointed procurement committee,” Minister Ratnayaka tweeted yesterday.

“This is the first step in a rapid, accelerated expansion program to cater to the growing demand from our customers. We will continue to listen and improve as required by market conditions,” the Minister added. 

The Government last year decided to expand JCT 5 with a wider quay and modern equipment, at an investment of $ 70 million.

“This will allow two 360 metre vessels to berth at the Colombo Port at the same time. The Cabinet approval for the purchase was given last week that the SLPA will buy the cranes from a Chinese supplier, selected according to the Cabinet-approved procurement process,” the Minister explained. 

Ratnayaka said the new infrastructure development drive would project Colombo as a more competitive port in the region and support its global ranking. 

“The Port must attract greater transhipment cargo traffic volume – thus directly increasing foreign exchange earnings. To achieve this, we must be more attractive than all neighbouring ports – financially, efficiency-wise, and in terms of ease of doing business,” he said.


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Will power cuts solve electricity crisis?

Tuesday, 23 April 2019

The country faced electricity power cuts, reminding citizens of early 1990s, which resulted in private power producers supplying electrical power with long-term power supply agreements. Today, most have completed their agreement period, but some were


Easter attack: Going beyond condemnation

Tuesday, 23 April 2019

Yesterday was Easter Sunday; 227 persons [at the time of writing] have been killed, and many times more injured. The primary targets were churches and international hotels. It seems clear that the extremist group ISIS (Islamic State of Iraq and Syria


Easter Sunday nightmare

Tuesday, 23 April 2019

This is the most important day of the year for Christians – the Peaceful Easter Sunday or Easter Day was shattered by deadly explosions in several Christian churches throughout the country; and we excoriate such hatred in our beloved country. We th


Poignant pondering on a patriarch

Monday, 22 April 2019

Almost five months have gone. It is with a profound sense of sadness that we experienced the demise of our veteran teacher, respected author, legal luminary, an accomplished ambassador, an eminent public servant and an amazing human being, Dr. Wickre


Columnists More