SRI LANKA WOOS U.S. INVESTMENTS FOR COLOMBO PORT DEVELOPMENT

Sri Lanka has wooed U.S. investment in the development of the Colombo port and integrated infrastructure at a recent summit in Washington, a Deputy Minister said yesterday.

- By KELUM BANDARA

The Colombo port is one of the biggest strategic assets of Sri Lanka, with the government planning for the development of a logistics park and the West Container Terminal (WTC) 2.

Deputy Minister of Ports and Aviation Janitha Kodituwakku, who attended a summit on maritime cooperation in the U.S said that the Sri Lankan delegation presented the investment opportunities for the American business sector in the development and expansion of the Colombo port.

According to him, the U.S. business community is well aware of the strategic value of Sri Lanka.

“We are going to seek investments for the development of our ports. We want to develop the proposed logistics park adjacent to the port,” he said.