News Today: Ports Authority earns record profit amid Colombo Port expansion plans

The Sri Lanka Ports Authority (SLPA) has reported a record-breaking profit of Rs. 24,418 million for the first half of 2025, marking a remarkable 66% increase compared to the same period in 2024. This financial milestone was announced by Ports and Civil Aviation Deputy Minister Janitha Ruwan Kodithuwakku, who praised it as a highly positive sign for the nation’s economic future.

In the first half of 2024, the SLPA’s profit stood at Rs. 14,691 million, highlighting the substantial year-on-year growth. The surge is largely attributed to increased efficiency, strategic infrastructure investments, and rising container volumes at the Colombo Port.

Colombo Port Handles 4 Million+ TEUs

As of mid-2025, the Colombo Port has handled over 4 million Twenty-Foot Equivalent Units (TEUs). Authorities expect the port to cross 8 million TEUs by year-end, reinforcing its position as one of South Asia’s premier maritime hubs.

Minister Kodithuwakku emphasized that the second phase of operations at the East Container Terminal is expected to begin before the end of 2025. This development is projected to add between 3.2 to 3.5 million TEUs to the port’s current handling capacity, which stands at around 7 million TEUs.

Massive Expansion with West Terminal

In addition, the West Container Terminal is undergoing phased development. Its second phase will contribute approximately 20% to 30% of its planned final capacity of 3.5 million TEUs during this stage. These infrastructure expansions are part of the broader goal to transform Sri Lanka into a regional logistics and maritime hub.

The Ports Authority’s profitability, combined with capacity enhancements, sets a strong foundation for sustainable economic growth and foreign trade competitiveness.