22nd July 2011, www.island.lk
India is to provide Sri Lanka with grants and soft loans to rebuild Kankesanturai port in the northern Jaffna peninsula that was damaged during the ethnic war, under a deal signed Thursday.
India has already committed 20 million US dollars for the work which involves a hydrographic survey, wreck removal and dredging, along with rehabilitation of the breakwater and construction of a new pier and attendant port facilities, a High Commission statement said.
The agreement signed is part of the package of assistance India promised among other infrastructure projects in the Northern Province.
Indian High Commissioner Ashok K Kantha said the project would contribute towards reconstruction efforts, restore traditional domestic and regional linkages and give a fillip to economic activity by encouraging trade and generate employment.
Total expenditure on the project will be determined by the ‘Detailed Project Report’ (DPR) that is to be prepared.
But India has already committed about 20 million dollars (2.2 billion rupees) for the preliminary hydrographic survey, geotechnical investigations and DPR preparation and wreck removal and salvage.
"In addition to this, the Government of India will provide additional grant funding for the dredging of the harbour and concessional credit for the rehabilitation of the breakwater and construction of a new pier and attendant port facilities," the statement said.
Related Info :
• Sri Lanka to Develop Northern Kankesanturai Port with Indian Aid
• Cement Plant North of Sri Lanka to be Rebuilt; Expression of Interest from Investors Called by the Ministry
• Jaffna Fort Turns into a Tourist Attraction. Sri Lanka's Colonial Era Fort was Fought over during the recent War