Apr 27, 2022

Shipping lines encouraged to pay SLPA in USD

Newly appointed Cabinet Minister Ports and Shipping Hon. Premitha Bandara Tennakoon has taken initiative to discuss with all stakeholders in the shipping industry as well as Sri Lanka Ports Authority (SLPA) officials to increase the revenue in US dollars.

His initiative has resulted in converting payments that were paid by shipping lines to SLPA from local currency to US dollar.

Therefore, the amount of revenue that will be collected in USD will exceed 100 million per annum.

It has been decided to implement this initiative from the 1st of June of this year.