Categories: BusinessHeadlines

LNP – Cabinet approves development of 24 oil tanks at Trincomalee upper tank farm

The Cabinet of Ministers has granted approval for the development of 24 oil tanks at the Trincomalee upper tank farm.

The Ceylon Petroleum Corporation (CPC) will oversee a three-year project aimed at completing the development of these oil tanks within three years.Â

The project will include conducting a feasibility study and carrying out the necessary work, according to Cabinet Spokesman, Minister Dr. Nalinda Jayatissa.

Approvals from relevant parties, including the Road Development Authority (RDA), Sri Lanka Railways, and the Marine Environmental Protection Authority, have already been obtained for the project, he added.

Accordingly, the proposal submitted by the Minister of Energy to implement the project with CPC funds, ensuring it does not burden the General Treasury, has been approved by the Cabinet.

Tyronne Jayamanne

Recent Posts

LNP – Cabinet approves land grant for Siyambalanduwa solar project

The Cabinet of Ministers has approved a proposal to allocate 219.7233 hectares of land as…

2 hours ago

LNP – Air Vice Marshal Sumanaweera to be appointed SLAF Chief of Staff

Air Vice Marshal Lasitha Sumanaweera will be appointed as the new Chief of Staff of…

12 hours ago

LNP – Govt. mulls action against SLTB drivers bypassing schoolchildren and citizens with season tickets

Discussions have been held at the Ministerial Consultative Committee on Transport, Highways, Ports and Civil…

12 hours ago

LNP – Colombo sees 7.7% land price surge

Property in Sri Lanka’s Colombo had risen 7.7 per cent in the second half of…

12 hours ago

LNP – CID investigates alleged plot to disrupt fuel distribution

The Criminal Investigation Department (CID) has launched an investigation into a complaint regarding an alleged…

12 hours ago

LNP – Naked man arrested for riding motorcycle to Kandy from Colomb

A man was arrested this morning by Kadugannawa police for riding a motorcycle from Colombo…

1 day ago