Category: Shipping and Transport
Govt and ADB sign USD200Mn loan agreement for rural road development
The Asian Development Bank (ADB) and the Government of Sri Lanka recently signed a $200 million loan agreement for the Second Integrated Road Investment Program Tranche 3 to continue ADB’s assistance to upgrade Sri Lanka’s rural road network connecting vast rural populations to jobs and services. “Economic growth is hindered by poor transport infrastructure, particularly […]
Members appointed to Colombo Port City Economic Commission
President Gotabaya Rajapaksa has appointed the members to the Colombo Port City Economic Commission, the President’s Media Division said. The Commission is Chaired by Gamini Marapana PC and the other members of the Commission are, 01- Secretary to the Treasury, S. R. Attygalle 02- Water Supply Ministry Secretary Dr. Priyath Bandu Wickrama 03- Former Board […]
MV X-Press Pearl: Draught remains steady & no trim observes; SLPA clarifies its position
Indian High Commission in Sri Lanka says that relentless efforts by the teams from India and Sri Lanka are matched by incremental results as the draught of MV X-Press Pearl remains steady and no list or trim is observed. Meanwhile, the Sri Lanka Ports Authority releasing a statement clarified its position regarding the sudden fire […]
State-of-the-art Petroleum Testing Laboratory at Hambantota International Port
The Hambantota International Port (HIP) will partner Intertek Lanka (Pvt) Ltd to establish a state-of-the-art petroleum testing laboratory which will be unique to Sri Lanka. Through this facility, Intertek will provide innovative and bespoke assurance, testing, inspection and certification services. Johnson Liu, CEO of HIPG says, “HIPG has great potential in energy services due to […]
Parliament adopts Port City Bill; Project Company invites investors to explore opportunities
CHEC Port City Colombo, the Project Company, invites local and foreign investors to explore the unique investment opportunities now available at Port City Colombo. Port City Colombo, now officially becomes the country’s first service-oriented Special Economic Zone (SEZ). The Sri Lankan Parliament, today adopted the Port City Economic Commission Bill with amendments. Full Statement Port […]
EDB supports exporters to continue operations during travel restrictions in Sri Lanka
The Sri Lanka Export Development Board (EDB) has made arrangements to facilitate export-oriented industries based on the circulars issued by the Government Health Authorities to continue operations of their activities during the lockdown of specific areas in the country and inter-provincial travel restrictions subject to stringent health regulations. Although travelling between provinces is restricted from […]
Hambantota Port sees highest monthly RORO volume in April
The Hambantota International Port has seen a significant increase in their RORO figures during the first 4 months of 2021, compared to the corresponding period last year. The first 4 months of this year saw 193,690 vehicles come into the port for transshipment as against 118,872 vehicles during the same period last year. 62,736 vehicles […]
Sri Lanka needs resilient logistics system: World Bank
By Winnie Wang , Senior Transport Specialist, World Bank Logistics carry dreams. Back in 2007, when I applied to graduate schools in the United States, nothing could beat the excitement of handing over my applications to FedEx, clinging to the receipts with precious tracking numbers, and checking them a hundred times a day until I got confirmation that […]
Opinion: Port City, Better economic governance, not giveaways should be focus of new governance zone
Deng Xiaoping China’s great reform leader, faced a serious problem in the 1970s. Thousands of young Chinese were crossing to Hong Kong risking their lives. Rather than cracking down on the migrants, Deng sought to understand why they were migrating. Clearly the economic opportunities in Hong Kong were greater than in mainland China. Deng was […]
SL and World Bank sign USD70Mn loan to redevelop major transit terminal in Kandy
The Government of Sri Lanka and the World Bank signed a loan agreement in the amount of 69.33 million dollars for the Kandy Multimodal Transport Terminal Development Project, which will develop the Good Shed terminal in Kandy. Located at the city center and providing access to the railway station, the modernized terminal will integrate rail, bus, three-wheeler, […]
Dangerous Cargo detected at Hambantota International Port
M.V. BBC Naples sailing under the flag of “Antigua & Barbados” entered the port of Hambantota on 20th April at 2100 hrs, while en route from Rotterdam to China. The ship made an emergency call at the port for some urgent repairs. Agents for the vessel in Sri Lanka, Ms. Barwil Meridian Navigation, had not […]
Sri Lanka vehicle registrations down in March 2021
Total vehicle registrations marginally reduced to 3,556 units in March down from 3,558 units in Feb but significantly down from 13,219 units 12 months ago. The comparative figure was 35,150 units 24 months ago. In the locally assembled category Under cars Zotye Z100 recorded 22 units in March down from 79 units in Feb and […]