Category: Shipping and Transport

Jan 17, 2013 (LBO) – Lanka Ashok Leyland, unit of Ashok Leyland has won a 700 million rupee contract to supply 200 buses to Sri Lanka’s state transport utility. Sri Lanka’s transport ministry will buy 200 buses from Lanka Ashok Leyland Plc, information minister Keheliya Rambukwelle said. The cabinet of ministers had approved a proposal […]

Jan 10, 2013 (LBO) – Sri Lanka will borrow 960 million Yuan (153 million US dollars) from China for additional costs to build a port in Hambantota, information minister Keheliya Rambukwelle said.The money will be used for “ancillary works” and the purchase of equipment in the first phase of the project. The first phase of […]

Jan 08, 2013 (LBO) – A call by a car carrier belonging to Japan’s K-Line, at Sri Lanka’s Colombo port this week is expected to lead to further business in transshipment from the shipping line, officials said.Wickrama had said 200 million dollars had been spent in upgrading container handling facilities in Colombo to boost productivity […]

Jan 01, 2012 (LBO) – A road circling Sri Lanka’s capital Colombo which connects to a new expressway network will get an additional interchange to accommodate projected traffic from a fast developing area, a top official said.The outer circular highway will get an extra interchange near Athurugiriya town, Road Development Authority chairman R W Pemasiri […]

Dec 20, 2012 (LBO) – Sri Lanka will build an 18 kilometre road for 1,802 million rupees with a loan from a commercial bank under a scheme of financing domestic contractors, minister Keheliya Rambukwelle said. Hatton National Bank, a private commercial bank will finance the road. The road runs from Meepe to Ingiriya in Sri […]

Dec 20, 2012 (LBO) – Australia based SMEC International (Pvt) Ltd, a consultancy, has been awarded the contract to study the feasibility and prepare bid documents for an expressway to the central Sri Lanka, a minister said. Later stages of the Northern Expressway project involve extensions to Jaffna in the north of the island and […]

Dec 06, 2012 (LBO) – A toll plaza at the entry of Sri Lanka’s first expressway to the island’s south which also connects to road circling the capital Colombo begins operations this week, the Japan International Corporation, which financed it said. The toll plaza at the Kottawa interchange of the Southern Expressway will have five […]

Nov 28, 2012 (LBO) – Containers handled at Sri Lanka’s ports fell 3. 3 percent to 329,199 in September 2012 from a year earlier, with domestic containers falling 8.3 percent to 86,273 amid an economic slowdown, while transshipment volumes also fell. Data released by Sri Lanka’s Central Bank showed that 335 ships called at ports […]

COLOMBO, Nov 28, 2012 (AFP) – The Maldives defended Wednesday its controversial decision to terminate an airport management contract with an Indian firm, saying the deal was dogged by “legal, technical and economic issues”. President Mohamed Waheed’s government gave five days to GMR Group to leave after prematurely ending the 25-year lease of the nation’s […]

Nov 19, 2012 (LBO) – Sri Lanka has got a loan of 98 million US dollars from the Asian Development Bank for a 112. 9 million US dollar (14.6 billion rupees) program to rebuild 200 kilometres of roads in former war zones in the north of the island. The additional financing for the Northern Road […]

Nov 15, 2012 (LBO) – Prices of small cars may go up by 200,000 and trucks by about 400,000, and three wheelers by about 25,000 following tax changes announced in the budget, industry officials said. The prices of larger cars will remain stable as they already pay over 750,000 in taxes, under the rules announced […]

Nov 05, 2012 (LBO) – Ships calling at Sri Lanka’s ports fell by 38 to 350 in August 2012 from a year earlier and domestic container handling fell sharply as the economy slowed amid a trade contraction, but transshipment volumes were steady, official data shows. In August 83,974 containers (twenty foot equivalent units) were handled […]