Sri Lanka Ports Authority commences construction of a new Container Freight Station at Colombo Port

Sri Lanka Ports Authority commences construction of a new Container Freight Station at Colombo Port

The Sri Lanka Ports Authority (SLPA) has reportedly launched a project to set up a new Container Freight Station (CFS) at the Unity Container Terminal (UCT) in the Colombo Port.
In line with developing as a regional hub port, the Colombo Port has taken steps to develop port supply facilities in line with the National Policy Framework by developing the global supply chain and the Sri Lankan economy, whilst maintaining port competitiveness.
The new CFS is expected to improve the quality of the container handling facilities at the Port of Colombo.
The event was held under the patronage of Sri Lanka’s Minister of Ports and Shipping Rohitha Abeygunawardena, and with the participation of State Minister of Warehouse Facilities, Container Yards, Port Supply Facilities and Boats and Shipping Industry Development Jayantha Samaraweera, and SLPA Chairman General Daya Ratnayake.
Minister Abeygunawardena has reportedly said that it would be a turning point in the service sector of the Sri SLPA that immensely contributed to the development of the Sri Lankan port sector.
The Minister has further stated that the construction of the new CFS would lead to the timely delivery of the port service chain with the provision of a state-of-the-art service equipped with modern technology and the latest facilities.
He has added that the Board of Directors, including the Chairman of SLPA, had been instructed to protect the port grounds in accordance with the National Policy Plans and developmental framework during the constructions within the port premises.
According to local media reports, such decisions would definitely help strengthen the future of the country.
The proposed CFS is to cover an area of 9,500 square meters for general cargo and 1,060 square meters for hazardous cargo storage.

OSL take:

Sri Lanka’s geographical positioning in the Indian Ocean and the many trade agreements as well as trade concessions enjoyed by the country have made it a maritime hub in the South Asian region. It has also expanded the business/investment opportunities in Sri Lanka’s ports, shipping and maritime sectors. It has also created opportunities in expanding the country’s logistics business. Foreign businesses/investors could therefore explore the expanding opportunities in Sri Lanka’s ports, shipping and maritime sectors.

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Article Code : VBS/AT/20210113/Z_4

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