The proposed developments are estimated at US $ 140 million for the construction of two 20 meter berths. Once complete the Galle Port will be able to service up to 40,000 TEU vessels.
rnrnSpeaking to Lanka Business Online, Shipping Minister Rauf Hakeem said the project was being held back only due to a lack of funds. He said that his ministry backed by the UNF coalition was negotiating with Japanese funding agencies to assist with the project.
rnrnldblquote Feasibility studies, approvals and detailed plans have all been completed. We only have to start work on the project. We are trying to fast track the project under the Southern Highway development project.
rnrnMeanwhile, officials involved in the project said development work would take an estimated four years once funding was available. rn