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

Enhanced Hazcheck Restrictions Portal Launched, 1 May 2018

Exis Technologies, with the support of leading shipping and freight insurers, TT Club and UK P&I Clu... Read more

Successful participation and presentation at exhibition in Beira, Mozambique

The exhibition series ‘Intermodal Africa’ organized by Transport Events is always a good possibility... Read more

Protectors of Esbjerg's new East Port quay

The German based Headquarters of ShibataFenderTeam recently completed an order for the Port of Esbje... Read more

Aquaplot joins Technology Transfer Programme of European Space Agency

Start-up for ocean route planning enters ESA’s Business Incubation Centre (BIC) Read more

AMRO Increases Scope To Cover The GCC Region

AMRO, a specialist marine equipment and services provider, is proud to announce that they will now c... Read more

SAFE AND SECURE

Ninth Consecutive “Excellent” Coast Guard Security Assessment Awarded to Port of Baltimore Read more

View all