The Colombo port will run out of capacity in three years if new terminals are not ready according to a former port chairman. The Colombo port will run out of capacity in three years if new terminals are not ready according to a former port chairman. He said that running out of capacity will mean that key transshipment business would be lost.
Plans to build a large extension to the current port have been bogged down due to lack of funds and delays in awarding contracts.
“The demand will out pace capacity in 2008. We have planned a new port-the Colombo South Port. But not even tenders have been called for that,” says Parakrama Dissanayake, Former Chairman, Ports Authority.
He says the proposed South Port will take at least 3 years for completion of the initial phase of construction.
South Port is planned to be much larger than the current Colombo port that has two main shipping terminals the government owned “Jaya” terminal
and the private sector South Asia Gateway terminal.
Government and Asian Development Bank (ADB) are funding the breakwater that makes up the initial construction.
“ADB has r