Rajagiriya flyover to open today, speed of vehicles to increase eight-fold
Jan 08, 2017 (LBO) - President Maithripala Sirisena will declare open the Rajagiriya flyover on January 08, providing long term solutions for the heavy …
Shipping and Transport
Sri Lanka Central Bank confirms credit of USD 292.1Mn from CM Port
Dec 26, 2017 (LBO) - Sri Lanka's Central Bank said that it had received the first payment from China Merchant Port Holdings (CMPort) for the management of the …
SL, US to amend open skies deal facilitating efficient cargo movement
Dec 05, 2017 (LBO) – United States and Sri Lanka on Monday signed an agreement to amend the bilateral Open Skies Agreement of 2002 to facilitate the movement …
Walkers Colombo Shipyard secures USD4Mn for Shiplift & Transfer System
Walkers Colombo Shipyard (Private) Limited, a subsidiary of MTD Walkers PLC secured a US$ 4 Million loan from the Asian Development Bank to be utilized for the …
Sri Lanka’s CICT invests over USD10Mn in Green infrastructure at Colombo Port
Nov 24, 2017 (LBO) - Colombo International Container Terminals (CICT) said they have converted it's diesel-operated rubber-tyred gantry cranes to electric, …
Sri Lanka signs MoU with Korean firm for LRT feasibility
Nov 23, 2017 (LBO) - Sri Lanka's Ministry of Megapolis and Western Province Development signed and Memeorendum of Understanding with South Korean firm Seoyoung …
ADB to give USD 350Mn for power and road projects
Nov 23, 2017 (LBO) - Sri Lanka's Govenment and has entered into two loan agreements with Asian Development Bank (ADB) to borrow 150 million US dollars to …
Sri Lanka wants to amend Hambantota Port concession agreement
Nov 16, 2017 (LBO) – Sri Lanka’s cabinet revealed Wednesday that Ports Minister sought cabinet approval to amend the current concession agreement of the …
Railway development, viable alternative to costly Central Expressway
Nov 08, 2017 (LBO) – Sri Lanka’s transport sector experts questioned the need for an expensive four lane expressway with interchanges which will create its …
Sri Lanka’s John Keells Holdings second quarter net edge down
Nov 06, 2017 (LBO) – Profits at Sri Lanka’s diversified John Keells Holdings edged down in the September quarter amid higher sales costs and lower profits …
Sri Lanka Govt gives South Korean firms nod for LRT feasibility study
Nov 02, 2017 (LBO) - The cabinet of ministers has given the go ahead for two South Korean firms to do a pre-feasibility study for six Light Rail Transit …
Any country can develop part of Trinco harbor: Prime Minister
Oct 30, 2017 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe said the government has invited countries including India to develop part of the …
Biggest container vessel to ever enter into S Asia calls Colombo
Oct 23, 2017 (LBO) – Sri Lanka Ports Authority said world’s biggest ever container vessel to call South Asia, MV Milan Maersk of the Maersk Line has made …
Global changes create huge challenge to Asian ports: SLPA Chairman
Oct 03, 2017 (LBO) – Sri Lanka’s Ports Authority Chairman Parakrama Dissanayake says Global macroeconomic changes have created a huge challenge to the …
ADB gives USD 900Mn for rural connectivity program in Sri Lanka
Oct 03, 2017 (LBO) - The Asian Development Bank’s (ADB) Board of Directors has approved financing of up to 900 million dollars for a program that will …
World Banks gives USD125mn loan for transport connectivity project
Sept 29, 2017 (LBO) - Sri Lanka's government signed an agreement to get a 125 million dollar loan from the World Bank for the new Transport Connectivity and …
Walkers Colombo Shipyard Launches Second Vessel
(PRESS RELEASE) - Walkers Colombo Shipyard (Pvt) Ltd, a subsidiary of MTD Walkers PLC, has successfully completed the construction of its second vessel, a 10 …
Sri Lanka Hambantota Port JV to be operational from November
Sep 25, 2017 (LBO) – Sri Lanka is expecting to commence operations of the Hambantota Port joint venture from November, Chairman of Ports Authority Parakrama …
Sri Lanka seeks to limit importation of busses, three-wheelers
Sep 19, 2017 (LBO) – Transport Ministry is currently looking at options to limit the importation of high floor busses and three-wheelers to Sri Lanka. buy …
Advantis projects leverages expertise to improve Sri Lanka’s transport infrastructure
(PRESS RELEASE) - Transportation has always played an important role in the prosperity of a nation. As Sri Lanka takes its first steps onto the world stage …