header logo
Mogo Academy
Latest
Sri Lanka set to benefit from Maritime Silk Road port investment - Xinhua
May 30, 201608:19 AM
Sri Lanka set to benefit from Maritime Silk Road port investment - Xinhua
Mobitel Inner

“If the Colombo South Harbor Terminal did not exist, I would probably still be seeking employment overseas to earn money to support my 5-member family,” said Yuri S. Kannangara, the assistant general manager of the operations department of the Colombo South Harbor Terminal located in Sri Lanka’s capital, Xinhua reports.

 

 

 

In front of the container yard, the 49-year-old told the Xinhua News Agency that before his employment with South Harbor, he had been employed in South Africa, far away from his family.

 

 

 

However following his recruitment here, Kannangara is happy to be back home and settled with his family.

 

 

 

Kannangara said that during his five year employment with South Harbor, he has been sent to China four times for training, which he valued.

 

 

 

During his time in China, his Chinese friends taught him many operational techniques which has benefitted him in his career. He also witnessed the rapid growth of China’s economy.

 

 

 

Kannangara believes that the strong bond shared between China and Sri Lanka will continue to benefit both nations.

 

 

 

He said the 21st Century Maritime Silk Road proposed by China would also bring tremendous development opportunities to Sri Lanka and benefit the local people.

 

 

 

Moreover, Kannangara said he valued the traditional friendship shared between China and Sri Lanka, and looked forward to more development projects such as the South Harbor Terminal when building the maritime Silk Road so that Sri Lanka can further develop and benefit from such a vast project.

 

 

 

Thousands of local employees, like Kannangara, have gained stable employment and higher salaries during the construction and operational process of the South Harbor.

 

 

 

Xiaoqiang Zhang, general manager of China Harbor which is responsible for the construction in Sri Lanka, told Xinhua that during the construction of the terminal, their company directly hired 1,500 local workers and created approximately 4,000 indirect employment opportunities.

 

 

 

They have also trained a large number of skilled workers and related engineering constructional personnel, building a strong human resource base for Sri Lanka to become an international maritime hub.

 

 

 

Colombo International Container Terminal (CICT) is a joint venture which is 85 percent owned by China Merchants Holdings International Company (CMHI) and 15 percent owned by Sri Lanka Ports Authority. The $550 million facility is the largest foreign investment project in the island country so far that has been put into operation.

 

 

 

Since the South Harbor commenced operation in 2014, Sri Lanka’s economic and social growth has been in the spotlight.

 

 

 

Liu said that in 2015, the throughput reached 1.5 million twenty-feet equivalent units (TEUs), a 1.2 times increase compared to the previous year. This had led to the Colombo Port achieving a 5 million TEUs history.

 

 

 

Since 2014, following the early completion of the South Harbor construction, the service effectiveness of Colombo Port had been significantly increased, thereby getting rid of the slow growth situation.

 

 

 

In 2014, the Colombo Port reached a record 14 percent and topped the list of the world’s 30 largest container terminals, in terms of growth rate.

 

 

 

Under the trend of bigger vessels in the world’s shipping industry, as the only terminal that is able to unload large containers in South Asia to fill the gaps of Colombo Port, the South Harbor has become a hub of a growing number of large vessels.

 

 

 

As such, Colombo’s regional shipping center has gradually been improved.

 

 

 

Nelson said: “We have set the ‘Chinese speed’ in the construction of overseas terminal and operations in Sri Lanka. With an ABC philosophy of American supervision, British standard and Chinese speed, the South Harbor project was completed in a record time of 28 months, 32 months ahead of schedule,” Chinese news outlet Xinhua reports.

 

 

 

-Agencies

 

 

 

MostRead
Mobitel Upahara
VideoStories
Farmers struggle continues as paddy prices plummet; PMB buys over 1 million kg of ‘Yala’ paddy

Farmers struggle continues as paddy prices plummet; PMB buys over 1 million kg of ‘Yala’ paddy

“Final salute to a dedicated officer ”Former IGP Wickramaratne laid to rest with full police honours

“Final salute to a dedicated officer ”Former IGP Wickramaratne laid to rest with full police honours

 Dengue situation worsening in Sri Lanka; Caseload surpasses 76,000 with 162 MOH areas at high risk

Dengue situation worsening in Sri Lanka; Caseload surpasses 76,000 with 162 MOH areas at high risk

 12 years at the heart of every breaking story Ada Derana News Channel marks another milestone

12 years at the heart of every breaking story Ada Derana News Channel marks another milestone

“Sri Lanka reclassified as Upper-Middle Income economy” What are the benefits for the people?

“Sri Lanka reclassified as Upper-Middle Income economy” What are the benefits for the people?

Former Presidents, politicians pay last respects to ex-Police Chief; Final rites tomorrow in Borella

Former Presidents, politicians pay last respects to ex-Police Chief; Final rites tomorrow in Borella

Women account for most dengue fatalities in 2026; PHIs take legal action against 10,000 individuals

Women account for most dengue fatalities in 2026; PHIs take legal action against 10,000 individuals

“Many have lost faith and trust in God” Cardinal says modern society prefers football over religion

“Many have lost faith and trust in God” Cardinal says modern society prefers football over religion

Govt has belittled and ridiculed country's farmers - MP Dilith Jayaweera

Govt has belittled and ridiculed country's farmers - MP Dilith Jayaweera

Who supplied fake QR stickers found on liquor bottles? MP Harsha de Silva questions

Who supplied fake QR stickers found on liquor bottles? MP Harsha de Silva questions

Farmers raise concerns over unopened govt paddy warehouses

Farmers raise concerns over unopened govt paddy warehouses

Over 1,500 fatalities reported from road accidents so far this year - Sri Lanka Police

Over 1,500 fatalities reported from road accidents so far this year - Sri Lanka Police

Former IGP C.D. Wickramaratne found dead in suspected suicide at Malabe residence

Former IGP C.D. Wickramaratne found dead in suspected suicide at Malabe residence

Appeal Courts postpones further hearing of Suresh Sallay’s writ petition to July 21

Appeal Courts postpones further hearing of Suresh Sallay’s writ petition to July 21

“Democracy must be defended from elected leaders” - Former BASL President

“Democracy must be defended from elected leaders” - Former BASL President

Lassana Flora