Sri Lanka: Colombo Port on Right Track

President Mahinda Rajapaksa yesterday officially opened South Asia’s only container terminal that can handle Triple-E vessels and the new breakwater of Colombo Port stretching 400 meters to the sea.

Delivering the keynote address, President Rajapaksa said that in the past, the country did not have full control of its ports and as a result, many foreign powers were able to invade Sri Lanka and snatch away the people’s freedom and resources.

But the situation is now different and we have full control of our ports and we have the opportunity to develop and upgrade our ports to global demands and achieve a port-centered development,” he said.

President Rajapaksa noted that all development projects are carried out for the future generation and by 2020, the expected income from the Port of Colombo would be Rs.100 billion.

Taking a jab at those who question the rationale of launching mega development projects from investments obtained as loans, President Rajapaksa said that the government obtained loans to develop the country’s infrastructure and not for consumption requirements.

They must realize that we have no choice but draw loans from foreign sources as we cannot postpone development,” he said. “In the presence of Somalia pirates, it is safer for ships (from the Far East to Europe) to stop over at Sri Lanka and head to Cape of Good Hope, without calling at Dubai port.

Press Release, August 6, 2013

Share this article

Follow Dredging Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply