More committees are coming up on behalf of the Colombo South port, instead of the urgently needed port itself. More committees are coming up on behalf of the Colombo South port, instead of the urgently needed port itself. The government this week, agreed to set up cabinet level negotiations and project committees to handle all aspects of the long overdue Colombo South harbour project.
Cabinet spokesperson Nimal Siripala de Silva, on Thursday, said the committees will make all decision leading to the implementation of the new terminal South of the existing Colombo harbour.
After a number of previous failed starts, construction on the port was due to start this month but neither the government, nor the Ports Authority, have decided how to finance the funding shortfall.
The initial phase of the project is estimated to cost US$ 400 million, with the ADB pitching in with US$ 150 million.
However, except for a possible additional US$ 50 million from the ADB, the government and port authorities are yet to make plans to raise the balance of some US$ 200 million.
A pilot project to ass