Navy earns massive US$20 Mn from OBST Ops
Since taking over the duties of facilitating On-board Security Teams (OBST) some 15 months ago, the Sri Lanka Navy, to-date has earned for the national coffers more than US$20 million.
The Navy said yesterday the duties undertaken was an extension of maritime security operations in which they got actively involved in keeping our teritorial waters safe and secure for free maritime navigation.
At the prevailing currency exchange rates, the earnings amount to a massive Rs.3 billion, at an average of Rs.200 million a month, by way of OBST operations from mid-november 2015 to-date. The earnings were from more than 8,200 ship movements predominantly
The Navy took over OBST operations following a special directive by President Maithripala Sirisena
through Galle and Colombo operation centres.
The Navy took over OBST operations following a special directive by President Maithripala Sirisena. The earnings are directly credited to the Government’s Consolidated Fund.
The Navy is responsible for receiving, storing and issuing weapons, ammunition and equipment registered with foreign and local OBSTS.