⛽ Cabinet Clears Key Fuel Storage Expansion for 45-Day Stock

• Cabinet has approved the construction of new and replacement of aging fuel storage tanks to enable the Ceylon Petroleum Storage Terminal Company (CPSTL) to maintain a minimum petroleum stock sufficient for 45 days. • The critical project is being financed using CPSTL’s own funds. • Storage Capacity Expansion: • Kolonnawa Terminal: 6 new tanks currently under construction, adding 64,000 cubic meters (m³) of combined capacity. • Muthurajawela Terminal: Procurement underway for 3 new tanks, adding 40,000 m³ of total capacity. • Additionally, two old tanks at Kolonnawa (7,000 m³ and 15,000 m³) are slated for replacement to enhance operational safety and reliability.