Sri Lankan Government invests US$132 million in port development

COLOMBO : The Sri Lankan Government will spend around US$132 milliononportdevelopmentprojects,as stated by the Minister of Ports, Shipping,andAviationNimalSiripala de Silva. According to the Minister, these investments would be made through revenue generated from port operations.

During an event in Colombo, the capitalcityofSriLanka,NimalSiripala de Silva said the government has allocated over US$100 million for the Eastern Container Terminal and US$32 million for the Jaya Container Terminal. Both terminals are fully owned subsidiaries of the state-owned SriLankaPortsAuthority.

Nimal Siripala de Silva addedthat apart from the aforementioned investments, the government expects to develop the Trincomalee harbor for bulk cargo operations and the Galle harborforthetourismindustry.