The Cabinet has approved the declaration of the Colombo Port East Container Terminal (ECT) project as a ‘Special Project’. The decision was taken on the recommendation of Minister of Transport, Highways, Ports and Civil Aviation, Vijitha Herath. Southern has developed the East Container Terminal and operated it as a container terminal, which is wholly owned by the Sri Lanka Ports Authority.
Prime Minister’s Secretary Vijitha Herath told a press conference today (22nd) that the engineering contract has been signed and construction is underway. Permit.
The Minister added that various tax incentives have been provided to private business owners and service providers under the Development Policy and Business Development Policy.