Need to expedite construction of East Container Terminal in Colombo Port
Posted on November 10th, 2022
Dr Sarath Obeysekera
Operations of the Port of Colombo with the help and investment of companies from China India and Mersk with Keels have shown remarkable progress and efficient functioning under POP basis enabling the country to generate more income.
This is the best time to promote another investor like Japan or Korea to take lion’s share paving the way to infuse funds to complete the construction of the East Container Terminal (ECT)
In order to satisfy union demand it is also suggested that 10% shares are allocated to all the port workers
Parallelly Jaya Terminal Bunkering Operations and Mahapola Training Centre should also be privatized on PPP basis so that the port becomes a landlord generating funds for the government
Similar action should be initiated for Galle port for tourism development on a PPP basis with a structured plan for Trinco port to develop industry related to Construction work of the Marine and Offshore Industry
High time that Sri Lanka follows the way Singapore and Dubai have done, if we want to solve our problems to become a leading hub port operator in this region
Privatization can be coupled with Liberalisation of the shipping and logistics sector so that the private sector becomes the engine of growth for future Sri Lanka
Dr Sarath Obeysekera
Ex chairman SLPA
Ex CEO Colombo Dockyard
Chairman Advisory Board to develop marine and offshore industry under EDB