Investing in Infrastructure: Harnessing Its Potential for Growth in Sri Lanka by Dan Biller; Ijaz Nabi

Author:Dan Biller; Ijaz Nabi
Language: eng
Format: epub
Publisher: The World Bank

Ports

The main challenge in the ports sector is to increase the productivity and thus competitiveness of the Colombo Port. This primarily implies lowering the overall transaction costs relative to the competition. This is not a simple matter of price—all factors that might affect cost need to be carefully monitored and controlled, including vessel delays, port charges, and handling efficiency, as well as workers’ pay and labor productivity. The latter may be difficult to achieve because of extensive unionization. The Colombo Port also has to provide cost-effective solutions for Indian exporters to retain its position as a transshipment hub. Owing to the limited capacity of the domestic market, transshipment alone remains the future of the Colombo Port. The Indian market is particularly important since almost 39 percent of the containers are transshipped to the subcontinent.8 Just-in-time delivery is becoming increasingly important, which is why the Colombo Port should develop efficient and cost-effective transport solutions for Indian ports and shipping lines. Finally, to realize its full potential, port access and intermodal connectivity must be improved. The Colombo Port is located at the end node of the main commercial city center in the country and, thus, has major access problems. The port operations are not well integrated with other modes of transportation, particularly railways. Truck access to the port is inefficient, causing major congestion. City planning, railway access, and integrated logistics centers are required to ensure efficient port operations.

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