Thursday, February 12

Tag: Dr.Parakrama Dissanayake

Sri Lanka receives the US$ 584 mn third payment of Hambantota Port deal from Chinese company
21Jun By Faraz ShauketalyNo Comments
LOCAL, Main Story

Sri Lanka receives the US$ 584 mn third payment of Hambantota Port deal from Chinese company

The Sri Lankan government said Wednesday that it has received the third tranche of the proceeds from China Merchant Port Holdings Co. Ltd on the account of handing over of operations of Hambantota Port. China Merchant Port Holdings has made a payment of US$ 584 million (Rs. 93 billion) to the Sri Lanka Ports Authority (SLPA) as the third tranche of its investment in the Public-Private Partnership on Hambantota port development, the SLPA said. It is considered as the highest foreign direct investment Sri Lanka received in the history. The Hong Kong-based company's representative in Sri Lanka handed over the check for approximately US$ 584.2 million to the Sri Lanka Port Authority Chairman Dr Parakrama Dissanayake Wednesday. The first installment of US$ 292.1 million of the payment ...
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Colombo Port gets competitiveness boost
15Mar By Faraz ShauketalyNo Comments
Business, Main Story

Colombo Port gets competitiveness boost

By Uditha Jayasinghe The terminal operators of Colombo Port yesterday made a bid to improve its efficiency by signing a landmark Memorandum of Understanding to (MoU) to unload excess ships of their competitors if berths are available, reducing waiting time for clients. The agreement, which was signed in the presence of Ports and Shipping Minister Mahinda Samarasinghe, seeks to improve Colombo’s competitiveness by reducing the time ships would have to wait outside the port to be unloaded. Minister Samarasinghe was optimistic that this would increase TEU volumes and raise the port’s rankings. Colombo Port is currently ranked 23rd in the index of top 50 global ports, he added. “Colombo Port has always done well, far beyond its South Asian competitors, but we need to keep encouraging ...
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Sri Lanka Ports Authority posts a record profit of Rs.13.2 billion in 2017, Rs. 10,000 salary increment for workers
25Feb By Faraz ShauketalyNo Comments
Business

Sri Lanka Ports Authority posts a record profit of Rs.13.2 billion in 2017, Rs. 10,000 salary increment for workers

Due to the prompt actions taken for its future development activities, the Sri Lanka Ports Authority (SLPA) has made a record profit of 13.2 billion rupees in 2017, Minister of Ports and Shipping, Mahinda Samarasinghe announced at the trade union meeting held at the Ministry auditorium today (25). Following month-long discussions, the approval of the Treasury has been obtained for the new Collective Agreement of the Sri Lanka Ports Authority to grant its workers a salary increment of Rs. 10,000 - Rs. 5,000 increment to the basic salary and Rs. 5000 as an allowance - from January 2018, the Minister said. The Minister appreciating the participation of the leaders of all 23 SLPA trade unions in the discussions and their support for the measures taken, stressed that steps will be taken t...
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Sri Lanka’s Colombo Port handles six million TEU in 2017
26Dec By Faraz ShauketalyNo Comments
Business

Sri Lanka’s Colombo Port handles six million TEU in 2017

Sri Lanka's Port of Colombo has handled its 6 millionth TEU (Twenty-Foot Equivalent Unit) container on December 22. A special function was held at the Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA) to celebrate the handling of the 6 million TEU mark with the Minister of Ports and Shipping Mahinda Samarasinghe attending as the chief guest. Speaking at the occasion, the Minister Samarasinghe said that it was commendable to witness the Port of Colombo has achieved great feats through public private collaboration. "Deviating from the traditional competition, Sri Lanka Ports Authority controlled Jaya Container Terminal, privately owned SAGT and CICT together have proven of a success story we can continue to make the Port of Colombo the hub port in the region," the Mi...
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Sri Lanka’s CICT invests over USD 10 Mn in green infrastructure at Colombo Port
24Nov By Faraz ShauketalyNo Comments
Business

Sri Lanka’s CICT invests over USD 10 Mn in green infrastructure at Colombo Port

Sri Lanka's Colombo International Container Terminals (CICT) has completed a project to convert the company's diesel-operated rubber-tired gantry cranes to electric-powered rubber-tired gantry cranes or E-RTGs, making a major contribution to efforts by the Port of Colombo to go Green. Costing more than $ 10 million, the project has resulted in CICT deploying 40 zero-emission E-RTGs at the company-managed Colombo South container terminal, achieving a 45% reduction in the terminal's overall carbon dioxide emissions to the environment and a reduction of more than 95% in diesel consumption. Commenting on the E-RTG project, CICT CEO Ray Ren said "this initiative demonstrates CICT's as well as our parent company CMPort's commitment to reduce greenhouse gas emissions in the Port of Colombo ...
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