Sri Lanka Colombo plans for 35mn TEU capacity with north port
Sep 22, 2016 14:25 PM GMT+0530 | 0 Comment(s)
GRAND PLAN: Sri Lanka Ports Authority plans to expand Colombo to a 35 million TEU complex by 2040
ECONOMYNEXT - Sri Lanka's state-run ports agency has plans to expand Colombo to handle 35 million containers a year by 2040, with a North Port being built inside a new breakwater, a top official said.
A base case scenario for capacity developed in 2004 had proved to be remarkably accurate, Fawzana Hussain, Deputy Chief Engineer of Planning and Development at Sri Lanka Ports Authority, said.
The Colombo Port now has a capacity of 7.1 million twenty foot equivalent unit (TEUs). An expansion of the exiting Jaya Container Terminal will take Colombo to 7.7 million TEUs.
The 'East Terminal' in the expanded South Port, for which investors are being evaluated, will take capacity up another 2.4 million TEUs to 11.3 million TEUs. The West Terminal in the South Port will expand capacity to 14.3 million TEUs by 2023.
The breakwater will then be extended under Phase II in 2026 and the West Terminal extended, taking throughput to 17.3 million TEUs by 2028, Hussain said.
A North Port Breakwater will be built by 2030 and Colombo's old breakwater removed. It will allow the current South Asia Gateway Terminals to be made into a larger, back-to-back with the East Terminal taking capacity to 25 million TEUs.
Colombo North Port terminals will be built within the next 10 years, providing another 10 million TEUs in capacity. (Colombo/Sept22/2016)