Sri Lanka starts operations at East Container Terminal in Colombo
ECONOMYNEXT – State-run Sri Lanka Ports Authority has started container operations at a new partially built terminal in Colombo that was idle for more than five years without cranes, the island’s Ministry of Ports said.
MSC Emma which is sailing from Africa to China made the first call for the East Container Terminal.
Sri Lanka Ports Authority had used cranes ordered for a different terminal to be fixed at the terminal to start operations.
The 450 metre long quay of terminal would be extended by another 600 metres, the Ports Ministry said.
Sri Lanka’s last administration failed to complete the terminal after calling bids to draw foreign shipping lines and then struk a
MSC, whose ship made the first call was one the bidders that offered invest and bring business to the terminal.
Separately the cabinet of ministers also approved tax relief for a 90 million dollar productivity expansion program for Colombo International Container Terminal, which is unit of China’s CM Ports. (Colombo/Oct28/2020)