Development of 60 oil tanks in Trincomalee on bot business model
This is an exclusive investment opportunity to develop 60 oil tanks in the upper tank farm at Chinabay, Trincomalee on build, operate and transfer (BOT) business mode. The development plans proposed for implementation under the first phase include refurbishing nine economically viable tanks out of the ten used in the feasibility study. Additionally, there are plans for fabricating and installing pipelines of various diameters (18′,14′,10′, and 8′) with a total length of approximately 1.75km from the tank farm to the Trincomalee Harbor. Furthermore, the construction of allied facilities such as pump houses, fire hydrant systems, internal piping, electrical and instrumentation work, and civil construction work is planned to support the operation of the nine tanks as an independent tank farm. Refurbishment of the remaining tanks and development of the balance area of the tank farm are scheduled to be carried out in a phased -out plan. Project objectives include earning foreign exchange for the country by renting or leasing storage facilities to traders and Stockists involved in the global petroleum industry which can significantly benefit Sri Lanka, enhancement of energy security within the nation, becoming a strategic energy storage and trading hub for South-East Asia, Sri Lanka can further solidify its position in the global energy market. Job creation locally can further stimulate economic growth and development in the country. Don’t miss out on this opportunity to be part of the prospective energy landscape in Sri Lanka.
| LOCATION : | Trincomalee |
| SECTOR : | Power & Energy sector |
| PROJECT VALUE : | Contact OSL |
| INVESTMENT TYPE : | Build Operate Transfer (BOT) |
| RETURN ON INVESTMENT : | Contact OSL |
| OPPORTUNITY CODE : | VBS/OP/06042024/X_1 |