SLPA Enters New Financing Deal for Colombo Port Expansion Project

Sri Lanka Port Authority (SLPA) and Bank of Ceylon have signed a financing agreement for the development of East Container Terminal (ECT) under Colombo Port Expansion project, worth Rs 10.50 billion.

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

SLPA emphasised 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 in order to handle new generation of deep draft vessels, increase container handling capacity, reduce ship waiting time in the port, increase efficiency with the latest equipment and to have a green port facility.

SLPA, March 21, 2014

Share this article

Follow World Maritime News

In Depth>

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

The 5th CWC China LNG & Gas International Summit

Gain Access to Global LNG & Gas Decision Makers in China

Take a peek inside our 2019 Introductory Brochure and stay on top of this rapidly developing market.

See who is already working with us this year as Speakers, Sponsors and Partners – download your Preview Brochure today and meet them in Beijing on 15-16 October 2019.

As the world’s second largest LNG importer, China will remain the biggest contributor to global LNG demand growth in the foreseeable future. Network with global LNG & gas decision makers, buyers, NOCs and Government Officials at the industry’s leading international event in China.

More info

read more >

CEDA Dredging Days 2019

CEDA Dredging Days programme will follow its successful format of contributed peer-reviewed…

read more >

Offshore Wind Europe 2019

#OWEU19 is a meeting place for governments, developers and suppliers to grow the confidence in wind power. Perfect to grow your business by securing new customers, meeting officials and industry heads.

read more >