Saturday, June 28, 2025
Home Port News Sri Lankan government invests US$132 million in port development

Sri Lankan government invests US$132 million in port development

The Sri Lankan government will spend around US$132 million on port development projects, as stated by the minister of ports, shipping, and aviation Nimal Siripala de Silva.

According to the minister, these investments would be made through revenue generated from port operations.

During an event in Colombo, the capital city of Sri Lanka, Nimal Siripala de Silva said the government has allocated over US$100 million for the Eastern Container Terminal and US$32 million for the Jaya Container Terminal.

Both terminals are fully owned subsidiaries of the state-owned Sri Lanka Ports Authority.

Nimal Siripala de Silva added that apart from the aforementioned investments, the government expects to develop the Trincomalee harbor for bulk cargo operations and the Galle harbor for the tourism industry.





Latest Posts

UWL announces vessel partnership with Emirates Shipping Line

UWL, a leading American-owned NVOCC (Non-Vessel Operating Common Carrier) and global logistics provider, welcomes Emirates Shipping Line as the new vessel partner for its...

Sea-Intelligence: Port Power Rankings

 Sea-Intelligence analyses port performance in terms of schedule reliability, across the 202 deep-sea ports with the largest number of container vessel calls, by creating...

Suez slowdown reshapes Red Sea’s port map

The macro picture of the Red Sea is worsen as canal transits are at half-mast, and the region has relinquished its role as the...

We asked AI: When containers become pools

We asked AI what a container might look like if it was trasformed into a pool. The result? Long steel containers, many of them stacked,...

Transpacific crash may normalise charter market

Containership charter rates, which have defied the freight slump for some time, could be peaking, as some small ships chartered by opportunistic operators for...
error: Content is protected !!