Category: Shipping and Transport

The government will revisit an annuity model to fund the Colombo Katunayake Highway project, after efforts failed to get former contractor Keagnam back on board. The government will revisit an annuity model to fund the Colombo Katunayake Highway project, after efforts failed to get former contractor Keagnam back on board. Open bids that were to […]

SriLankan Airlines have been asked to hold airfares steady, even as domestic airlines hike prices to Jaffna to cover the soaring cost of fuel.SriLankan Airlines have been asked to hold airfares steady, even as domestic airlines hike prices to Jaffna to cover the soaring cost of fuel. The three domestic operators Lion Air, Expo Aviation […]

National carrier, SriLankan Airlines acquired its fifth Airbus A320 aircraft which raises its fleet strength to 17. National carrier, SriLankan Airlines acquired its fifth Airbus A320 aircraft which raises its fleet strength to 17. The airline plans to get as many as five more aircraft this year. Of the five, the airline plans to acquire […]

The term ‘slow coach’ is not a way of poking fun in Sri Lanka – it’s a reality.In some parts of the country the local trains go at five miles per hour.The term ‘slow coach’ is not a way of poking fun in Sri Lanka – it’s a reality. In some parts of the country […]

Standing out from the competition, Suzuki’s local agents Motor Marvel launched a 24 hour services center for the brand on Wednesday. Standing out from the competition, Suzuki’s local agents Motor Marvel launched a 24 hour services center for the brand on Wednesday. The Japanese auto corporation’s Chairman and Chief Executive Osamu Suziki dropped in for […]

ASEAN region’s Shippers will anchor in Singapore this September to thrash out their concerns – toping the list is the disputed Terminal Handling Change (THC). ASEAN region’s Shippers will anchor in Singapore this September to thrash out their concerns – toping the list is the disputed Terminal Handling Change (THC). The Sri Lanka Shippers Association […]

A US mission is due in August, exploring financing opportunities in civil aviation, after state requests to look at plans for a second runway and upgrade domestic airports.A US mission is due in August, exploring financing opportunities in civil aviation, after state requests to look at plans for a second runway and upgrade domestic airports. […]

Ports and Aviation Minister Mangala Samaraweera will tackle enforcement of several security deals with the US while in Washington this week.Ports and Aviation Minister Mangala Samaraweera will tackle enforcement of several security deals with the US while in Washington this week. The Minister is on a five-day visit to Washington to attend the International Summit […]

The ADB will provide emergency aid to the tune of US$ 12.5mn to resuscitate southern roads drowned in floods.ldblquote ADB will provide emergency assistance amounting to US$12.5 million to help rehabilitate transport infrastructure damaged during severe flooding in southern Sri Lanka in May 2003, dblquote said a press release from the ADB on Friday. rnThe […]

The business plans for Colombos South Harbour development was finalised last week, now requiring State approval to tap donor assistance to finance the US$ 300 million Government component of the project. The Asian Development Bank sponsored business plan prepared by UK based consultants Scott Wilson Kirkpatrick and Company Limited was up for final approval by […]

Lion Air is swapping its large Avro aircraft for a smaller Shorts plane as it scrambles to stay afloat amidst falling passenger numbers.The airline presently shares the domestic aviation market with Expo Aviation and Serendib Air.rn rnWhen the government re-opened the domestic aviation sector, Lion Air and Expo Aviation were among the first to offer […]

The Transport Ministry is going on reverse gear, repelling the Railways Authority Act and replacing it with fresh legislation.Transport Minister Felix Perera told Lanka Business Online that Cabinet on Wednesday had given him the go ahead to repeal the Railway Authority Act and introduce new legislation.rn rnThe new Act will look to revert to the […]