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
In 2016 we were awarded with the supply of fender systems for the entire new port of Turkmenistan's ... Read more
SOGET and Microsoft: a strategic partnership for a secure digitization of ports in France and worldwide
SOGET, world specialist in Port Community Systems (PCS), and Microsoft, world leader in technology, ... Read more
The new Echoscope® 4G Performance Pack Upgrade presents an opportunity for our existing customers to... Read more
Coda Octopus Products Selected to Collaborate on One of Five Premier Scottish-Japanese "Joint Ocean Innovation" Strategic Subsea Projects
The Nippon Foundation and Scottish Enterprise R&D Program provides funding of up to $32 million over... Read more
ShibataFenderTeam permanently sustains and develops its agent network. Read more