Lankan Cabinet has approved Prime Minister Mahinda Rajapakshe's proposal (holding
finance portfolio) to provide tax incentives for an investment of ninety million
US Dollars for expansion of Colombo south Port. The decision was taken by the
Sri Lankan Cabinet on October 27 according to Sri Lankan media reports.
investment for the project of five hundred million US dollars came from Colombo
International container terminal. The project commenced its operations five
Sri Lankan government has not so far made
up its mind to hand over the development of Colombo east terminal to India
government has not so far made up its mind to hand over the development of
Colombo east terminal to India. In all likelihood the terminal which is almost
ready is likely to be commissioned by the Sri LankanPort authority within a
year apprehending competition from the Indian ports, Sri Lankan is ramping up
its port capacity to cater to International trade. At present Colombo port
survives on transhipment cargo from eastern India ports to the extent of nearly
70 per cent of the volumes
International Container Terminals has signed a 35-year Build-Operate-Transfer
(BOT) agreement with Sri Lanka Ports Authority for development, construction
and operation of the South Container Terminal of the Port of Colombo.
Container Terminals Ltd. appointed AECOM as the consulting engineer, in a joint
venture with China Merchants of Hong Kong and Aitken Spencer of Sri Lanka, to
provide engineering consultancy services for the development, design and
construction supervision of the terminal.
terminal development comprises a 1,200-meter long container berth designed for
18,000 twenty-foot equivalent units (TEU) vessels with approximately 58
hectares of terminal area and three to four berths.
The list of works to be undertaken
comprise the following: 1,200-meter long container quay with a minimum
alongside water depth of 18-meter low water of ordinary spring tides (LWOST)
including all quay furniture and installations for gantry cranes;
the harbor basin to a minimum depth of 18-meters draft
with the dredging volume of approximately eight million cubic meters, reclaiming approximately 58 hectares of
terminal area and immediately adjacent land using dredged materials, ground improvement of reclaimed areas
using vibro-compaction and dynamic compaction;
infrastructure works including container yard, building, roads and paving,
security and utility services.
20-meter high, 14-meter wide concrete caisson quay walls is designed to support
the 1200-meter long container quay structure. Due to the size of the caisson
walls, the team delivered solutions for the geotechnical challenges such as
founding and settlement control.
Sri Lanka envisions being a premier
shipping hub in South Asia in the 21st century
envisions being a premier shipping hub in South Asia in the 21st century. To do
so, they took steps to build a new terminal with deeper berths, latest terminal
equipment and increased efficiency. This will enable larger ships to dock and
transfer cargo more quickly, and support Sri Lanka’s aim to become as a
significant shipping hub in the region and meet the rising cargo demand.