Minister directs shipping lines to pay SLPA in USD

Newly appointed Cabinet Minister Ports and Shipping Premitha Bandara Tennakoon has taken initiative to discuss with all stakeholders to increase the revenue in dollars.

A statement said his initiative has resulted in converting payments that were paid by shipping lines to SLPA from local currency to dollars.

“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 1 June,” the statement issued by Sri Lanka Ports Authority said.