Sri Lanka, Aug. 11 -- The Cabinet has approved the award of a contract for the construction of three new fuel storage tanks at the Muthurajawela Terminal, aimed at strengthening Sri Lanka's fuel storage capacity.

The project involves the construction of two fuel storage tanks with a capacity of 15,000 cubic metres each and another tank with a capacity of 10,000 cubic metres.

The Cabinet had initially approved the project on June 2, 2025, with funding to be provided by the Ceylon Petroleum Storage Terminal Company.

At a subsequent Cabinet meeting on July 20, 2026, the Minister of Energy and the Minister of Environment were requested to consult relevant stakeholders and determine the measures required to meet environmental, legal and oth...