The island’s Port Strategy will centre on six major ports in Colombo, Hambantota, Galle, Trincomalee, Kankasanturai and Oluwil. The Government has given the highest priority to the development of Port infrastructure in recent years. Key Port Development Projects are Colombo South Harbour Expansion Project, Hambantota Port Development Project, KKS Port Development and restoration, Oluwil Port Development Project & Galle Toursit Port Development.

Colombo South Harbour Development which is to be considered one of the single largest FDI, secured for an investment project with an investment of US$ 500 Mn. to accommodate largest ships in the world (with major investment coming from China) has commenced the project by signing the BOT Agreement with SLPA on 12th August 2011, and investment Agreement with BOI on 22nd September 2011. Completed Phase I of the project by constructing and commencing 400 MTS of the 1200 Mts. Terminal on 01st July 2013. Second Phase of the completion of 400 Mts. Terminal is scheduled during April 2014 and the final Phase is extended to year 2015. To date 167 vessels have called over at the new Terminal.

There is also a project for US$ 39 Mn. in the pipeline to set up and install a State of the Art Security Infrastructure Facility for the Colombo Port.