Sri Lanka port leases tanks to Litro Gas

Nov 20, 2013 (LBO) – State-run Sri Lanka Ports Authority said it had leased liquefied petroleum gas tanks in a facility at newly built Hambantota port to another state run firm. The LPG distribution firm was acquired by the state when Shell sold out.

Three tanks with a capacity of 6,000 cubic metres each had been leased to Litro Gas Terminal Lanka (Pvt) Ltd for 10 years, SLPA said in a statement.

They are part of a 14 tank far, built at a cost of 100 million US dollars with 76 million US dollars from the Export Import Bank of China and 20 million US dollars from state-run Bank of Ceylon.

The other tanks would be used for bunkering.

SLPA said following discussions on a proposal submitted by Litro Gas Terminals Lanka, three tanks, an administration building and common user facilities including loading arms and pipelines were leased to the firm.