FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» McDonald’s අපේ නෙමෙයි අපේ බෝස්ගේ – අබාන්ස් කියයි
by ChooBoy Today at 10:19 am

» AI Assistance for Stock Market Research and Analysis
by ChatGPT Today at 7:12 am

» Comparative Analysis of the Insurance Sector
by God Father Tue Mar 26, 2024 11:46 pm

» Sri Lanka: Why Pay Exorbitant Taxes?
by ChatGPT Tue Mar 26, 2024 10:52 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by K.R Tue Mar 26, 2024 3:15 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by D.G.Dayaratne Tue Mar 26, 2024 9:11 am

» SIYAPATHA FINANACE PLC (SLFL.N0000)
by ChatGPT Tue Mar 26, 2024 7:58 am

» FINANCE AND LEASING SECTOR
by ChatGPT Mon Mar 25, 2024 6:45 am

» LOLC FINANCE PLC (LOFC.N0000)
by ChatGPT Mon Mar 25, 2024 6:36 am

» CIC HOLDINGS PLC (CIC.N0000)
by ChatGPT Mon Mar 25, 2024 6:18 am

» UNION ASSURANCE PLC (UAL.N0000)
by ChatGPT Mon Mar 25, 2024 6:15 am

» First Capital Holdings PLC: Current Financial performance and future outlook
by God Father Sun Mar 24, 2024 10:58 pm

» LankaBizz: Sri Lanka's First ever Artificially Intelligent (AI) Business and Research Assistant
by God Father Sun Mar 24, 2024 7:27 am

» HOTEL AND TRAVEL SECTOR
by ErangaDS Wed Mar 20, 2024 7:22 am

» CIC Holdings Good Times Ahead
by ashan silva Mon Mar 18, 2024 11:00 am

» EPF Fund keep eye on low P/E Shares
by K.R Mon Mar 18, 2024 8:45 am

» SINS - the Tailwind effects of a crisis hit Economy
by Hawk Eye Mon Mar 18, 2024 8:37 am

» Ceylon cold stores
by Hawk Eye Mon Mar 18, 2024 8:25 am

» Asha securities Provide buy signal for CIC
by ddrperera Fri Mar 15, 2024 1:10 am

» CSE ready for another Downtrend?
by D.G.Dayaratne Thu Mar 14, 2024 11:24 am

» LankaLAW Forum : Sri Lanka’s #1 Discussion Platform for Legal Questions and Answers
by blindhog Thu Mar 14, 2024 9:14 am

» Sri Lanka poised to benefit from demand surge for ‘non-China origin’ graphite
by samaritan Wed Mar 13, 2024 1:31 pm

» LOLC hotels
by Maharaja Tue Mar 12, 2024 2:34 pm

» AEL target price ?
by suku502 Mon Mar 11, 2024 11:26 am

» WAPO 200% UP
by LAMDA Sun Mar 10, 2024 10:33 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

Access Engineering-led JV gets Rs. 43 b deal to build East Container Terminal

Go down  Message [Page 1 of 1]

samaritan

avatar
Moderator
Moderator

Access Engineering-led JV gets Rs. 43 b deal to build East Container Terminal SRI-LANKA









Access Engineering-led JV gets Rs. 43 b deal to build East Container Terminal Image_8def0d20ce
AEL MD Rohana Fernando 


Access Engineering PLC (AEL), in joint venture with its technical partner China Harbour Engineering (CHEC), has been awarded the contract to construct the East Container Terminal (ECT) of the Sri Lanka Ports Authority (SLPA). 
The project was advertised for competitive bidding where a local company was required to be the majority shareholder of a proposed JV with the requirement of major marine construction experience being contributed by the respective international partners. AEL holds 51% of the JV and is set to gain technical knowhow and experience of building large-scale marine construction projects.  AEL is Sri Lanka’s leading construction enterprise and CHEC is a world-renowned marine contractor.

“We will strive to complete the project ahead of the scheduled 36-month contract period,” AEL Managing Director Rohana Fernando said.

He further stated that this may be the single biggest contract awarded to a Sri Lankan-led JV and commended how SLPA had promoted and given the opportunity for Sri Lankan companies to take part in such large infrastructure projects.  Upon successful completion of the ECT project, AEL will get the required experience to compete for similar projects outside Sri Lanka. 

The ECT was originally planned to be commercially operational in 2016 and will be eight years behind schedule when operations are earmarked to begin in 2023. The SLPA has fast-tracked the bidding process and has set aside SLPA reserve funds which allow it to own and operate the terminal. 

ECT is the second deep water terminal to be developed since the Colombo International Container Terminal (CICT) started commercial operations in 2013. 

CICT for the first time will surpass three million TEUs by the end of 2021 which will stagnate further deep water berthing capacity until ECT begins commercial operations with the development of its first 600 m of berthing capacity scheduled to be completed by May 2023 whilst the full terminal development up to 1,320 m is scheduled to be completed by end of 2024, allowing a three million TEU throughput capacity when fully operational.  

With the West Container Terminal concession already signed with Adani Ports, India and John Keells Holdings, it is expected for a further three million TEU capacity by end of 2024. Therefore with a total of additional six million TEU capacity available from 2025, the Colombo Port is ready to become a premier transhipment hub, giving much-needed impetus to the Sri Lankan economy.              

 
https://www.ft.lk/front-page/Access-Engineering-led-JV-gets-Rs-43-b-deal-to-build-East-Container-Terminal/44-726879

Riz123 and Chathur like this post

Share this post on: reddit

samaritan wrote:
Access Engineering-led JV gets Rs. 43 b deal to build East Container Terminal SRI-LANKA











Access Engineering-led JV gets Rs. 43 b deal to build East Container Terminal Image_8def0d20ce
AEL MD Rohana Fernando 


Access Engineering PLC (AEL), in joint venture with its technical partner China Harbour Engineering (CHEC), has been awarded the contract to construct the East Container Terminal (ECT) of the Sri Lanka Ports Authority (SLPA). 
The project was advertised for competitive bidding where a local company was required to be the majority shareholder of a proposed JV with the requirement of major marine construction experience being contributed by the respective international partners. AEL holds 51% of the JV and is set to gain technical knowhow and experience of building large-scale marine construction projects.  AEL is Sri Lanka’s leading construction enterprise and CHEC is a world-renowned marine contractor.

“We will strive to complete the project ahead of the scheduled 36-month contract period,” AEL Managing Director Rohana Fernando said.

He further stated that this may be the single biggest contract awarded to a Sri Lankan-led JV and commended how SLPA had promoted and given the opportunity for Sri Lankan companies to take part in such large infrastructure projects.  Upon successful completion of the ECT project, AEL will get the required experience to compete for similar projects outside Sri Lanka. 

The ECT was originally planned to be commercially operational in 2016 and will be eight years behind schedule when operations are earmarked to begin in 2023. The SLPA has fast-tracked the bidding process and has set aside SLPA reserve funds which allow it to own and operate the terminal. 

ECT is the second deep water terminal to be developed since the Colombo International Container Terminal (CICT) started commercial operations in 2013. 

CICT for the first time will surpass three million TEUs by the end of 2021 which will stagnate further deep water berthing capacity until ECT begins commercial operations with the development of its first 600 m of berthing capacity scheduled to be completed by May 2023 whilst the full terminal development up to 1,320 m is scheduled to be completed by end of 2024, allowing a three million TEU throughput capacity when fully operational.  

With the West Container Terminal concession already signed with Adani Ports, India and John Keells Holdings, it is expected for a further three million TEU capacity by end of 2024. Therefore with a total of additional six million TEU capacity available from 2025, the Colombo Port is ready to become a premier transhipment hub, giving much-needed impetus to the Sri Lankan economy.              

 
https://www.ft.lk/front-page/Access-Engineering-led-JV-gets-Rs-43-b-deal-to-build-East-Container-Terminal/44-726879
Long awaited journey began for AEL.N  , Book is full with massive projects, share will immediately move to 40+ range
Good luck

samaritan likes this post

Reason why AEL is not moving

This will start from today...  Basketball Basketball

Riz123 likes this post

Access will do wonders coming days..

AEL's partnership with CHEC in the Marina Square development was the foundation for a long lasting enviable relationship that is to be continued in the development of Port City phase1, which is a significant milestone in the Company's proud history of being the foremost construction Company in Sri Lanka. This is just the beginning of a successful journey for AEL. It is noteworthy to mention that CHEC is a giant global conglomerate in construction specialized in virtually all fields of construction including specialization in maritime related projects. 


AEL is heading on a long successful journey with the pride of partnering CHEC. Today 1 million shares changed hands at Rs32/50 which is just the beginning of a significant interest and future appreciation of AEL's share price.


I see a 100billion market cap on the horizon. GL

Access Engineering-led JV gets Rs. 43 b deal to build East Container Terminal Ael10

Chathur likes this post

Stockbull wrote:Access Engineering-led JV gets Rs. 43 b deal to build East Container Terminal Ael10
50+

Access Engineering PLC empowers the nation by providing infrastructure solutions to the Mannar Wind Power project, the first large-scale wind farm in Sri Lanka. The revolutionary 100 MW semi-dispatchable wind power plant is expected to supply more than 380 million units of electricity to the national grid annually.
Access Engineering-led JV gets Rs. 43 b deal to build East Container Terminal 1644909072594?e=1648684800&v=beta&t=jTdlUE0_WNRjg7sgvb3MP8EXoXMfMhXGsDo_UimRYrM


source: 'Linkedin'

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum