India to bear most costs to make Sri Lanka ferry service ‘affordable and attractive‘

 

The ferry service linking Nagapattinam in India to Kankesanthurai (KKS) near Jaffna in Sri Lanka is set to resume on May 13, 2024, tentatively announced by the Indian High Commission in Colombo. Operated by the private operator IndSri Ferry Services, selected in consultation with the Sri Lankan government, the service aims to be both affordable and attractive for passengers.

To achieve this goal, the Indian government has committed to covering relevant charges and operating costs at Nagapattinam port, amounting to over LKR 25 million per month for one year. Similarly, the Sri Lankan government has reduced the deviation tax for passengers departing from Sri Lanka by passenger vessels and ships.

India's substantial support reflects its commitment to Sri Lanka's economic recovery, as demonstrated by the grant assistance of USD 63.65 million for the rehabilitation of KKS Harbour. Strengthening maritime connectivity between the two nations is integral to the shared vision for economic partnership, outlined during the visit