ECONOMYNEXT – China Harbhour Engineering Company has been selected to expand the deep water anchorage capacity at a container terminal in Sri Lanka’s Colombo Port, a legislator said.
The expansion of the anchorage will allow two ships to be accommodated at the the Jaye container terminal owned by state-run Sri Lanka Ports Authority, Mahinda Samarasinghe who was appointed Ports Minister in Sri Lanka’s disputed cabinet said.
The deal was approved by the cabinet, he said.
Sri Lanka’s is in the midst of a political crisis after President Maithripala Sirisena appointed Mahinda Rajapaksa as Prime Minister, who has been defeated twice in no confidence motions in parliament.
Sri Lanka’s ports has been one of the fastest growing in the world with transshipment traffic on the rise. (Colombo/Nov22/2018)