The Cabinet has officially designated the Eastern Container Terminal (ECT) as a "Special Project," following a proposal from the Minister of Transport, Highways, Ports, and Civil Aviation.

The Sri Lanka Ports Authority (SLPA) will develop the ECT in phases as part of the Colombo South Port initiative, ensuring it operates as a fully-owned terminal of the SLPA.

During today’s Cabinet meeting, it was confirmed that civil works contracts have already been awarded, and construction is underway. Cabinet Spokesperson Minister Vijitha Herath announced that the procurement process for necessary cranes has been completed.

Additionally, private terminal operators and service providers at the Colombo Port will benefit from various tax incentives under the Strategic Development Act and the Board of Investment (BOI) law.