India gives 45 million dollars aid to Sri Lanka to upgrade KKS Harbour

India gives 45 million aid to Sri Lanka to upgrade KKS harbour

India gives $45.27 Million dollars to upgrade KKS Harbour :-

  • India has extended a fresh financial assistance of $45.27 million for upgrading Kankesanthurai (KKS) Harbour in northern Sri Lanka into a commercial port and strengthening the country’s efforts to become a regional maritime hub.
  • Sri Lanka’s Ministry of Finance and Export-Import Bank of India (Exim Bank) signed an agreement in this regard on January 10.
  • The upgradation project would make KKS Harbour a full-fledged commercial port, further strengthening Sri Lanka’s efforts to become a regional maritime hub.
  • It would also assist in reconstruction efforts in northern Sri Lanka.
  • The KKS port was rendered useless after the LTTE attacked it during the civil war. The port was key in connecting the Jaffna peninsula with the rest of Sri Lanka and also India.

MOU Between India & Sri Lanka for rehabilitation of KKS Harbour :-

  • In terms of the MoU between India and Sri Lanka for rehabilitation of KKS Harbour, four out of the six phases of the rehabilitation have already been completed under India’s grant assistance.
  • This includes preparation of Detailed Project Report (DPR), works related to Geo-technical studies, wreck removal and disposal, dredging and hydrographic survey.
  • The fresh assistance of $45.27 million would be used for the remaining two phases involving works relating to the rehabilitation of the breakwater and existing pier, construction of a new pier for commercial cargo handling, installation of port infrastructure facilities, etc.

 

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