Risk of losing Trincomalee Port through Oil Tank Complex Project, Trade Unions warn

Risk of losing Trincomalee Port through Oil Tank Complex Project, Trade Unions warn

22 February 2021 07:26 am

There is a risk of losing the Trincomalee Port through the proposed project to establish an oil storage complex in Trincomalee, warned trade unions attached to Ceylon Petroleum Corporation, speaking to media yesterday (21).

In response to the Corporation Chairman Sumith Wijesinghe's confirmation on establishing 24 oil tanks at an initial phase in an area of 100 acres out of the 500-acre ground of the Trincomalee Port and establishing a SPPM at three more phases by spending Rs. 10.2 billion, Union Convener Ananda Palitha emphasised that by doing so, Sri Lanka could lose the Trincomalee Port to India.

"He is saying that this company is being built under the joint effort of them, the Ports Authority and Lanka Indian Oil Company. Who has given them such power to do so? Has this matter been discussed with the Cabinet?" Palitha questioned.

Upon media queries, Petroleum Corporation President Wijesinghe responded, "We are hoping to develop the Trincomalee Port by establishing an oil storage complex. We call it the South Asian Petroleum Hub. By doing so, storage facilities will be provided to the oil owners. We have located lands at the first phase. A development plan has been come up with, and now the feasibility study has begun, which will conclude in three months. As the first phase of the project, we have entered into an agreement with the Port to launch this project on 100 acres.