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
"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
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
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.