Sri Lanka, May 20 -- The Oluvil Port, another loan project implemented in the Eastern Province of Sri Lanka, has now turned out to be another white elephant remaining idle for a dozen years, and the current government is now at a loss to determine ways to make it economically viable somehow, the Daily Mirror learns.

The loan agreement for the Oluvil Port Project was signed between Nordea Bank, Denmark and the Ministry of Finance and Planning of Sri Lanka on May 23, 2008. The total project cost was Euro 46 million, and it was completed in 2013.

Deputy Minister of Ports and Aviation Janitha Kodituwakku told the Daily Mirror that the port now remains unused, and the accumulation of sand dunes at the entrance to the harbour has made vessel...