** Sagar Sandesh print version ceases to be published from December 31, 2017. New look E-paper would be available from Jan. 1, 2018 onwards. free of cost.**

After China takes over Colombo and Hambantata ports, India funds repair of Kankesanthurai port in Jaffna

India has extended a fresh financial assistance of 45.27 million US dollars for upgrading Kankesanthurai (KKS) Harbour in northern Sri Lanka into a commercial port and strengthening the country's efforts to become a regional maritime hub.
Sri Lanka's Ministry of Finance and Export-Import Bank of India (Exim Bank) signed an agreement in this regard on January 10, the Indian High Commission said.

"An agreement for Indian financial assistance for 45.27 million US dollars ( 6.9 billion Sri Lankan) for upgrading Kankesanthurai (KKS) Harbour was signed on January 10 in New Delhi by David Rasquinha, Managing Director, Export-Import Bank of India and RHS Samaratunga, Secretary to Treasury of Sri Lanka," the statement said.

The upgradation project would make KKS Harbour a full- fledged commercial port, further strengthening Sri Lanka's efforts to become a regional maritime hub, the statement said.
It would also assist in reconstruction efforts in northern Sri Lanka.

This includes preparation of Detailed Project Report (DPR), works related to Geo-technical studies, wreck removal and disposal, dredging and hydrographic survey.


The fresh assistance of 45.27 million US Dollars would be used for  works relating to the rehabilitation of the breakwater and existing pier, construction of a new pier for commercial cargo handling, installation of port infrastructure facilities, etc.


"The signing of the MoU is a reflection of the continued commitment of Government of India to assist Sri Lanka in its development journey," the statement said.
The KKS port was rendered useless after the LTTE attacked it during the civil war. The port was key in connecting the Jaffna peninsula with the rest of Sri Lanka and also India.

 


Disclaimer
Copyright © 2018 PORT TO PORT - Shipping Services Portal ( Sagar Sandesh ). All rights reserved.

Follow Us