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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Colombo’s new South Port to open next month

Colombo’s new South Port to open next month

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bestazhar


Stock Analytic
Stock Analytic
By The Nation

The 6.4 kilo meter new breakwater constructed at the Colombo Port Expansion Project (CPEP) has already been completed enabling possibilities for a smoother opening of the new port in April this year, the Chairman of Sri Lanka Ports Authority (SLPA), Dr. Priyath B. Wickrama announced last week. Speaking at a special media briefing held at the Ministry of Ports and Highways, Dr. Wickrama added that a part of the two terminals being built at present, under CPEP will also be open by the end this year.

The announcement came in the backdrop of SLPA releasing its financial results for the year 2012 in which the state owned institution disclosed that its profit after tax had hit the over Rs. 4bn mark for the first time in its history.

According to the financial report of SLPA for the year 2012, revenue has increased from Rs.31bn in 2011 to Rs.38bn in 2012. In addition, the operating profit of SLPA which was about Rs. 5.7bn in 2012 has increased up to Rs. 12.2bn.
The SLPA chief said that growing efficiency levels and new methodologies attached to the latest technological implementations have reduced wastage and raised productivity levels at the institution.

Speaking further, Dr.Priyath B. Wickrama said that the performance on container handling at SLPA has also considerably improved. “Our average crane productivity has increased from 18 moves per hour to 23 moves per hour. Our aim is to reach 25 moves per hour during this year and to reach 30 moves per hour as an average in 2014”, he added.

http://www.nation.lk/edition/biz-news/item/16435-colombo%E2%80%99s-new-port-to-open-next-month.html

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