India pumps Rs 6.9B for KKS Harbour upgrade

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By 2018-01-13

An agreement for Indian financial assistance for US$ 45.27 million (Rs 6.9 billion) for upgrading the Kankesanthurai (KKS) Harbour has been inked between Sri Lanka and India.

The Memorandum of Understanding (MoU) was signed on 10 January in New Delhi by Managing Director of the Export-Import Bank of India, David Rasquinha and Secretary to the Treasury of Sri Lanka, Dr. R.H.S. Samaratunga.

The upgradation project would make the KKS Harbour a full-fledged commercial port, further strengthening Sri Lanka's efforts to become a regional maritime hub. It would also assist in the reconstruction efforts in northern Sri Lanka, the Indian High Commission said.

It may be recalled that there exists a MoU between India and Sri Lanka for the rehabilitation of the KKS Harbour. Four out of the six phases of the rehabilitation have already been completed under India's grant assistance. This includes the preparation of the Detailed Project Report (DPR), works related to geo-technical studies, wreck removal and disposal, dredging and hydrographic survey. The fresh assistance of US$ 45.27 million (Rs 6.9 billion) would be used for the remaining two phases involving works relating to the rehabilitation of the breakwater and existing pier, the construction of a new pier for commercial cargo handling, and the installation of the port infrastructure facilities.



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