Jan 12, Colombo: The construction of Phase 2 of the Eastern Container Terminal (ECT) at the Colombo Port will commence this morning (12) under the patronage of President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa.
The construction of the Eastern Jetty, which is expected to further increase the operating capacity of the Colombo Port, will be operational in two phases at a cost of US $ 500 million.
Construction of the Eastern Terminal is being carried out under the supervision and investment of the Ports Authority and is expected to be completed by 2024 and commence operations. The terminal is expected to handle three large container vessels 400 meters or more in length. The 72-hectare terminal will have an annual capacity of 2.4 million units of twenty-foot equivalent containers.
It was earlier proposed to hand over the Port’s Eastern Jetty to India but it was strongly opposed by the trade unions and the people. Subsequently, the Cabinet at the meeting held on 1st February 2021 approved the development of the Eastern Jetty as a terminal with full ownership of the Port of Sri Lanka.