<p>Colombo: The Sri Lankan Cabinet has decided to implement the renovation of the Kankesanthurai Port in the Northern Province with India agreeing to grant the entire cost of the project, a statement said on Tuesday.</p><p>Situated in the northern region of Sri Lanka, the Kankesanthurai Port or the KKS Port, with an area of approximately 16 acres, is located at a distance of 104 kilometres (56 nautical miles) from Karaikal Port in Pondicherry.</p><p>The direct passenger ship service connecting Nagapattinam in Tamil Nadu to Kankesanthurai port near Jaffna covers a distance of 111 kilometres (60 nautical miles) in approximately three and a half hours.</p>.24 more Indian fishermen detained in Sri Lanka repatriated to India.<p>"Considering the importance of the project, the Indian government has agreed to grant the entire estimated cost of the project,” the statement said.</p><p>It added that the project implementation had been delayed as the Economic Value of Equity (EVE) estimated cost provided by consulting service agencies was higher than the relevant loan amount.</p><p>“Therefore, further discussions have been held with the Government of India regarding the possibility of completing the project under the Public Private Partnership Method," the statement said.</p><p>The original cabinet approval for the project was given on May 2, 2017.</p><p>Thereafter, the approval for offering Project Management Consultant Services was given on December 18, 2019.</p><p>It was announced in March this year that the project's full cost was USD 61.5 million.</p>
<p>Colombo: The Sri Lankan Cabinet has decided to implement the renovation of the Kankesanthurai Port in the Northern Province with India agreeing to grant the entire cost of the project, a statement said on Tuesday.</p><p>Situated in the northern region of Sri Lanka, the Kankesanthurai Port or the KKS Port, with an area of approximately 16 acres, is located at a distance of 104 kilometres (56 nautical miles) from Karaikal Port in Pondicherry.</p><p>The direct passenger ship service connecting Nagapattinam in Tamil Nadu to Kankesanthurai port near Jaffna covers a distance of 111 kilometres (60 nautical miles) in approximately three and a half hours.</p>.24 more Indian fishermen detained in Sri Lanka repatriated to India.<p>"Considering the importance of the project, the Indian government has agreed to grant the entire estimated cost of the project,” the statement said.</p><p>It added that the project implementation had been delayed as the Economic Value of Equity (EVE) estimated cost provided by consulting service agencies was higher than the relevant loan amount.</p><p>“Therefore, further discussions have been held with the Government of India regarding the possibility of completing the project under the Public Private Partnership Method," the statement said.</p><p>The original cabinet approval for the project was given on May 2, 2017.</p><p>Thereafter, the approval for offering Project Management Consultant Services was given on December 18, 2019.</p><p>It was announced in March this year that the project's full cost was USD 61.5 million.</p>