|
|
 |
 |
 |
| Saturday, 14 June 2003 |
 |
|
 |
Business | |
| News Business Features Editorial Security Politics World Letters Sports Obituaries
|
Top UK Co. for consultancy services of New South Port The Ministry of Port Development and Shipping will sign an agreement today with Scott Wilson Kirkpatrick & Co. Ltd of the United Kingdom to obtain consultancy services for the New South Port under the Colombo Port Efficiency and Expansion Project . The Asian Development Bank conducted a feasibility study for the development of Colombo South Harbour utilising a grant of US $ 1.46 million. The final report was submitted by the Consultant Maunsell Australia Pvt Ltd in February 2002 and it concluded that the project is technically, financially and economically and environmentally feasible. As the next step of implementation, the Asian Development Bank approved a loan of US$ 10 million for a project to improve efficiency and competitiveness of the Colombo Port and to prepare an investment plan including detail designs to develop South Harbour. The loan funds would be supplemented by local funds from the Sri Lanka Ports Authority (SLPA) to meet the total estimated cost of US $ 14.4 million. SLPA portion US $ 4.4 million. The ambitious New South Port Project is estimated to cost around US $ 1.8 billion (Rs. 170 billion) spanning over about 20 years for stage-wise development to meet the future demands. The total project will have 12 main berths. The Port of Colombo as at present has 6 main line berths with another under construction for completion at the end of 2003. The proposed port will have a depth of 17 metres at the outset in order to service bigger ships which fall are in the category of Super Post Panamax vessels. The depth could be increased up to 23 metres in the future if needed. The expansion of the Colombo Port will enable Sri Lanka to meet the demand in international trade in the region and boost servicing of massive main liners which have opted to skip Colombo in the past thus depriving valuable foreign exchange to Sri Lanka. |
|
News | Business | Features
| Editorial | Security
Produced by Lake House |
