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Friday, December 13, 2019
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 BOC, SLPA ink Rs. 10.5 Bn deal for ECT Project
Deep draft berth to cater to new generation vessels -


General Manager of BOC D M Gunasekera handing over the financing agreement to Dr. Priyath Bandu Wickrama Chairman of SLPA. Capt. Nihal Keppetipola Managing Director of SLPA and P A Lionel, Senior Deputy General Manager (International and Treasury), D P K Gunasekara, Deputy General Manager ( Corporate and Offshore Banking) C Amarasinghe, Assistant General Manager (Corporate Relations) of BOC look on.

Bank of Ceylon, signed a financing agreement for Rs 10.50 billion with Sri Lanka Port Authority (SLPA) for the development of East Container Terminal (ECT) under Colombo Port Expansion project. This project is facilitated through leading infrastructure development provider Hyundai Engineering and Construction in Korea and is expected to complete in 2015.

SLPA emphasises the importance of development of the ECT as a measure for bridging the capacity shortfall and also to sustain its strategic role in the Port of Colombo. With the construction of the ECT, SLPA expects to have a deep draft berth to cater to new generation deep draft vessels, increase container handling capacity, reduce the ship waiting time in the Port, increase the efficiency with latest equipment and to have a green port facility.

Sri Lanka Ports Authority
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