Aug 15, Colombo: The construction of East Container Terminal (ECT) under the Colombo Port Expansion project (CPEP) will be declared open in December this year, Sri Lanka Ports Authority (SLPA) officials say.
SLPA said by the second quarter of the year, 43.2% of the construction of the ECT has been finished and it is expected to be completed before the end of the year.
With the construction of the ECT, SLPA expects to have a deep draft berth to cater 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.
The quay wall of the ECT is designed to allow the container vessels of 400 meter length with a container capacity of 230,000 DWT to berth. The quay is designed to support a 65 ton ship-to- shore crane (STS), a 30 meter rail span, a back reach area and roads.
The Asian Development Bank funds 81.7% of the US$ 330 million project and the balance 18.3% is born by Sri Lanka Ports Authority.
The SLPA in March this year signed an agreement with the Bank of Ceylon for Rs. 10.50 billion (US$ 80.6 million) to finance the project.