ECONOMYNEXT – Sri Lanka’s Access Engineering said it is building the largest warehouse in the country for a solid tire company, though construction was hit in early 2020, with a Coronavirus curfews.
“On the exports logistics where we currently building the biggest ware house facility for Camso Loadstar,” Access Engineering, Managing Director, Christopher Joshua told in an online forum of Sri Lanka’s Echelon Magazine in May.
Josuha said it will be covering an area of more than 14 acres of land.
Currently five sectors operate under Access Engineering.Engineering, Real Estate, Property Development, Auto Mobile and Export Support Logistics.
“We have already commenced it and we progressed up to about 30 percent of the work and we are supposed to complete it by January 2021.” Joshua said.
Joshua said because of the situation in Sri Lanka the construction has slowed.
Though the delay was out of control of the company, the firm was keen to complete it, he said.
“If we don’t complete the project, we don’t get the rental income,” he said.
“This is a 10-year lease rental and its income will be in dollars. Foreign currency which the country is in desperate need right now.
“We have all the right to delay the constructions but that is not going to help us with the rental.
“That is a challenge because one it is supporting a huge exports business. It will be the biggest interpret trade in the country once it is completed.” (Colombo/ May31/2020)