The construction work of the second phase of Eastern Container Terminal at the Colombo Port commenced this morning (12) under the patronage of the President and Prime Minister.
Construction works of the terminal, which will be conducted in three phases, are scheduled to be completed in 2024.
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The Terminal which is spread over an area of 75 hectares is 1,320 meters long.
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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.
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The Port of Colombo is currently ranked 23rd in the world according to the Alphaliner's Ports Ranking.
When there is no foreign exchange for essential imports and people are in queues for each and everything what is the point in creating a showcase of development. Diversion tactics!!!!!!!!!!!
How do you suggest getting out of this mess? By more handouts?