Sri Lanka Ports Authority (SLPA) will invest approximately Rs one billion for infrastructure development of the Trincomalee Port City Development project in a bid to facilitate prospective investors who have expressed willingness to set up port related new ventures in the Trincomalee port. SLPA will infuse money to develop roads and electricity facilities in the [...]
Aitken Spence has announced that they have finalized the formalities of the sale of 30 % shareholding in CICT to China Merchants Holdings (international) company Limited (CMHI) their joint venture partner. The Sale was on normal commercial terms which have been determined through arms length negotiations between the parties. The directors consider the sale is [...]
A special beach nourishment project to recreate the coastline has been introduced by the Coast Conservation Department (CCD) for the first… By Disna MUDALIGE (dailynews) Source: dailynews, January 25, 2012; Image: slpa
The lifeline of the Jaffna peninsula, the Kankesanthurai harbour, is clear of all shipwrecks, in record time… By R. K. Radhakrishnan (thehindu) Source: thehindu, January 19, 2012;
Grindrod Limited, the JSE listed integrated logistics services supplier and the Vitol Group, one of the world’s largest energy trading businesses, have entered into an agreement effective 1 January 2012. Vitol will acquire from Grindrod a 35% interest in the company which owns the Maputo coal terminal concession for a consideration of US$67.7 million. In [...]
China has conveyed to Sri Lanka that it understands the primacy of the relationship between India and the island nation, a Sri Lankan MP … By Elizabeth Roche (livemint) Source: livemint, January 11, 2012;
The Sri Lanka Ports Authority (SLPA) completed its Container Handling Equipment (CHE) Upgrade Project by receiving the final consignment of 50 yard tractors on Wednesday. The previous consignments consisted of ship-to-shore cranes and Rubber-Tyred-Gantry (RTG) cranes used for transferring containers between stacks in the yard. The CHE upgrade project which was started in mid 2009 [...]
Sri Lanka will use sand nourishment to shore up defences against sea erosion in Marawila, a fishing and tourism area north of the island’s… (lankabusinessonline) Source: lankabusinessonline, December 23, 2011;
The Lanka India Oil Company (Lanka IOC) plans to upgrade its Trincomalee terminal at an investment of US $ 300 million over the next three to four years. “We are continuously upgrading the Trincomalee terminal and will be looking at investing Rs 200 to 300 million for the next year to upgrade infrastructure facilities. We [...]
The opening ceremony of Colombo Port Southern Container Terminal Project undertaken by CHEC was held on December 16,2011. The ceremony was attended by Mahinda Rajapaksa as the President of Sri Lanka, Yang Xiuping as Chinese Ambassador to Sri Lanka, Chen Yusheng as Vice President of CCCC, Sun Ziyu as Chief Engineer of CCCC and President [...]
