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Fri, 18 August 2017 13:52:22
Sri Lanka port leases tanks to Litro Gas
20 Nov, 2013 14:58:07
Nov 20, 2013 (LBO) - State-run Sri Lanka Ports Authority said it had leased liquefied petroleum gas tanks in a facility at newly built Hambantota port to another state run firm.
Three tanks with a capacity of 6,000 cubic metres each had been leased to Litro Gas Terminal Lanka (Pvt) Ltd for 10 years, SLPA said in a statement.

They are part of a 14 tank far, built at a cost of 100 million US dollars with 76 million US dollars from the Export Import Bank of China and 20 million US dollars from state-run Bank of Ceylon.

The other tanks would be used for bunkering.

SLPA said following discussions on a proposal submitted by Litro Gas Terminals Lanka, three tanks, an administration building and common user facilities including loading arms and pipelines were leased to the firm.

The LPG distribution firm was acquired by the state when Shell sold out.

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