Category: Shipping and Transport

Aug 30, 2010 (LBO) – A concession to build and operate a 450 million US dollar container terminal in an expanded port in Colombo port has been awarded to Sri Lanka’s Aitken Spence and China Merchants Holdings, an official said. CHEC and China Merchant come under the same arm of the Chinese government, industry analysts […]

Aug 27, 2010 (LBO) – The Asian Development Bank (ADB) will give Sri Lanka a loan of 154. 4 million US dollars to modernise roads in the north which was ravaged by decades of war, a statement said. The loan agreement for the project was signed Friday between the Ministry of Finance and Planning and […]

Aug 24, 2010 (LBO) – The Sri Lanka Ports Authority is to borrow 62. 5 million US dollars from the state-owned Bank of Ceylon to fund the acquisition of new cargo handling cranes from China, a statement said. The SLPA statement said it will buy one crane of 50 tonne capacity, two cranes of 41 […]

Aug 23, 2010 (LBO) – A planned expressway between Sri Lanka’s capital Colombo and Kandy in the central hills will significantly reduce transport costs and connect under-developed regions with developed ones, a new World Bank study said. “Islandwide expenditure on transport will decline from 155 million rupees a day to 127 million rupees, a reduction […]

Aug 21, 2010 (LBO) – India and Sri Lanka have prepared the draft of an agreement to resume ferry services across the narrow strip of water separating the two countries, the Indian envoy in Colombo said. “We’ve finalised the draft of the agreement,” Indian high commissioner Ashok Kantha said. “The two countries have in principle […]

Aug 18, 2010 (LBO) – Sri Lanka has given another deal to an Indian company to rebuild part of the northern rail track destroyed by war using a soft loan from the Indian government, officials said. The Indian government-owned IRCON International signed the contract with the island’s transport ministry, Tuesday, to rebuild the Medawachchiya-Madhu Road […]

Aug 17, 2010 (LBO) – Logistics firm DHL has launched a direct Less-than-Container Load (LCL) service from Colombo and Singapore to Koper, Slovenia, improving connectivity with Eastern Europe, a statement said. The direct service, operated by Danmar Lines, DHL Global Forwarding’s in-house carrier, will shorten transit time between Sri Lanka and Singapore with Slovenia. “Small […]

Aug 17, 2010 (LBO) – Colombo Dockyard has laid the keel for construction of the second vessel of a series of two 130 Ton Bollard Pull Anchor Handling Tug Supply Vessels (AHTSV) Tuesday, a statement said. “The keel laying ceremony signifies the commencement of construction work of the AHTSV, which is one of the biggest […]

HAMBANTOTA, August 15, 2010 (AFP) – A China-funded port in Sri Lanka will be a symbol of Colombo’s non-partisan foreign policy, the president said Sunday amid Indian concerns over Beijing’s interests in the region. President Mahinda Rajapakse marked a key milestone in the construction of the 1.5 billion-dollar port in the southern Sri Lankan town […]

Aug 12, 2010 (LBO) – Sri Lanka’s People’s Leasing Company has ordered 1,000 buses from India’s Ashok Leyland as post-war growth increases demand for passenger travel, a statement said. Ashok Leyland said in a Bombay Stock Exchange the 1,000-bus order from People’s Leasing in Sri Lanka was worth 26 million US dollars and partly funded […]

HAMBANTOTA, August 12, 2010 (AFP) – Sri Lanka is preparing to open the first phase of a China-funded, 1. 5-billion-dollar port project that has fuelled Indian concerns over strategic Chinese investment in South Asia. Sitting along the ancient “Silk Road” trading route and one of the world’s busiest shipping lanes, the Hambantota port is intended […]

Aug 11, 2010 (LBO) – Lanka Ashok Leyland, an Indo-Lanka joint venture importing and assembling buses has reported a sharp increase in profit and sales as post-war demand increases demand for passenger transport. The government-owned Lanka Leyland has a 41.77 percent stake in Lanka Ashok Leyland and Ashok Leyland of India a 27.85 percent stake […]