{"id":79638,"date":"2018-07-26T15:44:43","date_gmt":"2018-07-26T22:44:43","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=79638"},"modified":"2018-07-26T15:44:43","modified_gmt":"2018-07-26T22:44:43","slug":"slpa-china-and-india-to-invest-700m-to-develop-sri-lankan-ports","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2018\/07\/26\/slpa-china-and-india-to-invest-700m-to-develop-sri-lankan-ports\/","title":{"rendered":"SLPA, China and India to invest $700m to develop Sri Lankan ports"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>ship-technology<\/em><\/span><\/h2>\n<p>Sri Lanka Ports Authority (SLPA), China and India are investing over $700m for the development of three key ports in Sri Lanka over the next three years.<\/p>\n<p>India will invest $40m to upgrade the Kankesanthurai Port, which is currently in process and expected to be completed early next year.<\/p>\n<p>Sri Lankan Treasury has received a total lease payment of $974m for the Hambantota port project from China, which has already invested $146m for the development work in the port.<\/p>\n<p>SLPA has decided to invest $100m for the construction of the East Container Terminal (ECT), following detailed planning and negotiations.<\/p>\n<p>SLPA recorded Rs13.3bn ($193m) profit last year and plans to invest in the development of ECT, as delaying this project further is expected to cost more for the authority.<\/p>\n<div class=\"rightpullquote\">We will also add more infrastructure facilities to the Colombo Port to offer better facilities to cruise liners.\u201d<\/div>\n<p>SLPA will also redevelop the West Container Terminal in Colombo and plans to conduct a feasibility study soon.<\/p>\n<p>As per internationally recognised global ranking indices, the Port of Colombo is claimed to be the 23rd-best container port and the 13th-best connectivity port in the world.<\/p>\n<p>Minister of Ports and Shipping Mahinda Samarasinghe said: We will also add more infrastructure facilities to the Colombo Port to offer better facilities to cruise liners and work with the travel sector to promote Sri Lanka\u2019s cruise liner business.\u201d<\/p>\n<p>Plans are underway for the conversion of Galle Harbour to a tourism port and expression of interest (EOI) for this purpose would be called soon.<\/p>\n<p>According to the minister, they are also working with the Asian Development Bank to formulate a long-term maritime master plan for Sri Lanka.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ship-technology Sri Lanka Ports Authority (SLPA), China and India are investing over $700m for the development of three key ports in Sri Lanka over the next three years. India will invest $40m to upgrade the Kankesanthurai Port, which is currently in process and expected to be completed early next year. Sri Lankan Treasury has received [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-79638","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/79638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=79638"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/79638\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=79638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=79638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=79638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}