The construction work of the second phase of Eastern Container Terminal at the Colombo Port commenced January (12) under the patronage of President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa.
The President and the Prime Minister unveiled a plaque marking the commencement of construction work at the Terminal.
Construction works of the terminal, which will be conducted in three phases, are scheduled to be completed in 2024. The Terminal which is spread over an area of 75 hectares is 1,320 meters long. Once completed, the Sri Lanka Ports Authority (SLPA) will inherit a fully-fledged Terminal equipped with 12 STC cranes that handle operations from ships to the land and 40 Rail Mounted Gantry (RMG) Cranes. The total expenditure expected to be spent for the project is US$ 510 million and the Ports Authority will spend US$ 200 million.
Access Engineering PLC and China Harbor Engineering Company LTD are jointly carrying out constructions.
This terminal was to be jointly developed with two foreign companies previously, however due to continuous, strong and united protests and strike actions taken by the trade unions blocked all attempts to sell part of this venture to foreign countries. Economists fee Colombo Port and a money mint as it still stands as one of the busiest ports in the World.