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Sri Lanka ports authority records Rs.10.5bn profit in first 4 months of 2019

Sri Lanka ports authority records Rs.10.5bn profit in first 4 months of 2019

Sri Lanka Ports Authority has recorded a profit of Rs.10.5 billion in the first four months of 2019 and debt to banks was Rs.11,957 million during the period , the Finance Ministry said in its latest mid-year fiscal report.

Steps have been taken by SLPA to increase the efficiency of the port by enhancing the capacity of Jaya container Terminal and procuring ships to shore under the modernization project.

The Government entered into a Memorandum of Corporation between the Government of Japan, the Republic of India to develop the Colombo South Port. Even though the transaction of the Hambantota Port has been transferred to the Treasury, the legal process has not yet been completed.