Category: Shipping and Transport

Canadian consultants studying the Hambantota Port project have come up with a US$ 1,700 mn three-phased development plan as being feasible.Southern Development Minister Ananda Kularatne said the cost also includes US$ 240 mn for a breakwater and dredging. rn rnMinister Kularatne says government steering committee is now examining the report prepared by the Canadian firm […]

The Civil Aviation Authority says it is processing applications to allow local firms to operate a few international schedule flights from Sri Lanka.The international operations will materialise through charter flights to neighbouring countries, the aviation watchdog said in a statement on Tuesday.rn rnThe watchdog says move is part of the government decision to shift towards […]

Eight companies have shown interest in starting domestic helicopter operations from December, catering to the tourist boom expected during the winter season.The Civil Aviation Department is expected to give the green light to these operators, as soon as inspections into technicalities of the helicopters and operational matters are sorted out.rn rnDeccan Aviation Lanka, backed by […]

A top taskforce is in talks with consultancy firms from the US, UK and Malaysia, to draw up bid documents, offering a private stake in the countrys international airport.ldblquote We are trying to identify a consultant to work with the Sri Lankan team to develop Expressions of Interest (EOI) and Request For Proposal (RFP) documents […]

The Colombo District Consumer Price Index (CDCPI) for September shrunk 0.4 per cent to 138.9 over August despite the increase in gas, kerosene and cigarette prices.rnrnThe CDCPI calculated by the Central Bank covers 40 percent of the Colombo Districts lowest income earning households. rn rnThe Central Bank on Wednesday said a price drop in a […]

The immediate land surrounding Colombos canal ways could get a facelift along with a proposed transport project. A team sponsored by Canadian authorities recently concluded an initial feasibility study on Colombos canal system.rn rnThe team is now back in Canada to draw up financial proposals before work on detailed plans and funding arrangements can start. […]

The Road Development Authority has commissioned a Korean Company to carry out a feasibility study to rehabilitate the Puttalam-Trincomalee (A12) Road. The study will be carried out at a cost of US$ 1.2 mn, with the funds coming through a grant from the Korean government. rn rnWork will begin in November this year and go […]

SriLankan Airlines will float its amphibious planes in November, whisking visitors off the runway and over ocean to the hills or as far off as Trincomalee in a fraction of the time. ldblquote We will be starting our float plane operations in November this winter season. It will include two amphibious aircraft that can take […]

A top Malaysian business tycoon, Tan Sri Gnanalingam is keen to invest in and manage BOI free trade zones while also tapping potential of the leisure sector.The chairman of the 11 largest port in the world, Westport in Malaysia says, they could also look at investments in the Colombo port once private sector investors are […]

An ambitious three-year expansion drive to upgrade the Bandaranaike Airport into a regional air hub officially got off ground Wednesday. The Airport is being expanded in two phases.The first will be development of existing terminal facilities and phase two will focus on adding another runway to the airport.rn rnThe Japan Bank for International Co-operation (JBIC) […]

The government has picked up Rs. 262 mn as dividends from SriLankan Airlines, after the national carrier reported a Rs.2.1 bn group profit for the financial year ending March 31, 2003.SriLankan Airlines said Wednesday that it has declared a 10 percent final dividend for the financial year 2002/3.rn rnThis is the third instance the airline […]

Two of the largest port operators in the region are keen to invest in the Jaya Container Terminal (JCT) operated by the Ports Authority. Hutchison Port Holdings and PSA the state owned Singaporean port operator has already shown interest to the BOI to invest in the booming Colombo port.rn rnWestport of Malaysia, which is part […]