Trending News
Baltic Exchange Market Report (10 May 2024)...
  Daily Exim

NEWS DETAILS

Date: 08/05/2024

Sri Lanka okays KKS port renovation by India

The Sri Lankan cabinet has approved the acceptance of a financial grant from India to proceed with the renovation of the Kankesanthurai Port (KKS) in Jaffna. Cabinet co-spokesman and Minister Bandula Gunawardena said that considering the significance of the project, the Government of India has generously agreed to provide the entire estimated cost required for the renovation of the port. As part of the project, a new breakwater will be constructed and the port will be dredged up to a depth of 30 metres to accommodate deep-draught vessels. Given the setbacks faced by the project, further discussions were held with the Government of India to explore the possibility of completing it through a public-private partnership (PPP) model. The move comes following a communiqué issued by the Ports, Shipping and Aviation Ministry in March, noting that the Government of India has pledged a $61.5 million grant to fully develop KKS port, as per a report.
 
Source: Exim News Service: Colombo: New Delhi, May 7



Featured News

EXIM INDIA ONLINE SERVICES

APPOINTMENTS

View All

USEFULL LINKS

View All

Introduction

EXIM INDIA is a reputed and all-India recognised premier publishing house. It publishes a daily newspaper.

It publishes a daily newspaper "Exim Newsletter" from Mumbai, Gujarat and New Delhi / NCR / North India, and Exim India - 'Shipping Times' from Kolkata, Chennai, Cochin and Tuticorin for the last 46 years.

Read More

QUICK LINKS

Contact Details

Inquiry

© | Exim India. All rights Reserved.