India extends credit for Kankesanthurai harbour
India has extended a $45.27m credit line to make Kankesanthurai (KKS) Port in northern Sri Lanka a viable commercial port, India’s Export-Import (Exim) Bank said in a press statement.
India’s Ports and Shipping Ministry believes rehabilitating KKS Port will encourage trade, both domestic and regionally, by promoting shipping links.
“The fresh assistance of $45.27m would be used for the remaining two phases involving works relating to the rehabilitation of the breakwater and existing pier,” Exim’s statement said.
“Construction of a new pier for commercial cargo handling, installation of port infrastructure facilities will also be undertaken under this credit line facility,” it added.
The Sri Lanka Ports Authority supervised by India’s Ports and Shipping Ministry will implement the project.
Four previous phases including preliminary hydrographic survey, geotechnical investigation, preparation of a detailed project report and wreck removal and disposal dredging have already been completed with grants from the Indian government.
LATEST PRESS RELEASES
World’s smartest digital port with Northern collaboration: Largest multipurpose port in Finland adop... Read more
Renowned international experts will take part in the debates scheduled for the 107th Convention of t... Read more
Breakbulk Events & Media Supports Project Cargo Summit in Rotterdam Read more
All new exhibition for the breakbulk sector, Antwerp XL, has received support from breakbulk special... Read more
Papeete launches smart port transformation with Ci5 First commercial success for the Cargo Intelligent System
The Papeete Port Authority (PAP) is entering the smart port era with Ci5, a Cargo Intelligent System... Read more
Christchurch, 06 July 2018 – PT Pelabuhan Indonesia I (Pelindo I) has chosen the terminal operating ... Read more