Accordingly, the Cabinet of Ministers approved the relevant procurement process tabled by the Minister of Power and Energy, Kanchana Wijesekara.

The Cabinet meeting held on 03 January, 2022, marked a significant decision as the Sri Lankan government granted approval to lease 61 fuel container tanks in the Upper Tank area of China Harbour, Trincomalee.

The lease, spanning 50 years, is aimed at facilitating the strategic development of these fuel tanks. Following the decision, Trincomalee Terminal Private Limited is set to undertake the lease, initiating the project with a comprehensive feasibility study.

The proposed development plan outlines a phased approach, spanning 16 years and seven phases. Under the initial phase, nine productive tanks will undergo renovation, a pipeline extending approximately 1.75 kilometers will be laid, and essential supporting facilities will be constructed