Colombo lk4/6/2024 The Ports Authority does not receive financial allocations from the government but operates on its own revenue and resources. This resulted in a unified organization with a streamlined structure. 35 of 1984) on the 1st of August 1979, effecting the merger of the Colombo Port Commission Department and the two existing statutory Corporations. 15 of 1979 (subsequently amended by Act No. 08:31:17 PM, MERCHANT BANK OF SRI LANKA & FINANCE PLC, NOTIFICATION ON THE LISTING OF SHARES. The Sri Lanka Ports Authority was constituted under the provisions of the Sri Lanka Ports Authority Act, No. 11:58:36 PM, COLOMBO LAND & DEVELOPMENT COMPANY PLC. The Port Tally and Protective Services Corporation was formed in 1967 in order to perform on-board tallying and watchmen services on behalf of Agents. In 1958, the Port Cargo Corporation was set up to take over these activities performed by a multiplicity of operators. Stevedoring and shore handling activities were in the hands of several private Wharfage Companies. The government had funded all its activities. Since 1918, the Port of Colombo had been administered by the Colombo Port Commission, a Government Department which was made responsible for the supply and maintenance of cargo-handling equipment and other infrastructure, pilotage services, docking and slipping.
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