WCT: Cabinet Negotiations Committee to convene today (15)

COLOMBO (News 1st): The Cabinet Negotiations Committee appointed for the West Container Terminal (WCT) at the Colombo Port, is scheduled to meet for the first time on Monday (Feb. 15), U.D.C. Jayalal said. According to the Ministry of Ports and Shipping, proposals have been received from India and Japan for the investment in the proposed West Terminal at the Colombo Port. The Cabinet Negotiations Committee consisting of seven members will convene on Monday (15) under the patronage of U.D.C. Jayalal, the Secretary to the Ministry of Ports and Shipping. the committee report with regard to the West Container Terminal at Colombo Port, will be submitted to the Cabinet of Ministers soon, U.D.C. Jayalal said on Monday (15). According to the Cabinet Negotiations Committee, the West Container Terminal, the largest terminal of the Colombo Port, could only be handed over to India, subject to cabinet approval. As planned so far, the proposed West Terminal will cover an area of 64 hectares and will have a 1400 m long breakwater. The long term development plan of the Sri Lanka Ports Authority (SLPA) for the West Container Terminal includes the establishment of two floating LNG storage facilities.