Sri Lanka Sanctions $25 Million Crane Order
The Sri Lanka Ports Authority has announced government approval for the order of three ship-to-shore (STS) cranes for the Jaya Container Terminal (JCT) in Colombo.
Delivery of the new STS equipment, at a cost of around US$25 million, will be a crucial element of the JCT 5 expansion project.
In 2018, the Sri Lankan Government gave the go-ahead for a US$70 million investment in the Port of Colombo, with a lengthened quay and new equipment. This will see capacity double, to allow two 360m long vessels to dock concurrently at the JCT.
The STS crane order represents a first step in a “rapid expansion programme catering for growing demand from our customers".
"We will continue to listen and improve as required by market conditions," Ratnayaka added.
I am glad to announce that @slpauthority, upon Cabinet approval, is now in the process of purchasing three STS cranes for the JCT V expansion. The USD 25 million investment has been approved by a Cabinet-appointed procurement committee. #SriLanka— Sagala Ratnayaka (@SagalaRatnayaka) April 10, 2019
The Minister also acknowledged that the new cranes and wider expansion will be crucial for the Colombo Port to compete across the region.
“The port must attract greater transhipment cargo volume if it is to generate greater foreign exchange earnings,” he said.
“To achieve this, we must be a more attractive proposition than all neighbouring ports, financially and in terms of efficiency and ease of doing business.”