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Saturday, August 25 , 2012 - 03.00 GMT
H'tota Port to be expanded with Chinese assistance

More opportunities for investment

 

The Government is ready to expand the Hambantota Port with financial assistance from Exim Bank of China and the Government of China.

Accordingly, Exim Bank of China will provide a US $ 600 million loan and a one billion yuan loan will be given by the Government of China.

Prior to this, the Sri Lankan Government received financial assistance from Chinese Government to complete the first phase of the port.

Under the Hambantota Port Project, investment and business ventures are available for a cement grinding plant, cement storage and bagging plant, fertilizer storage /processing bagging plant, LP gas distribution facility, warehousing facility, vehicle assembling plant, flour mill, food processing & packaging and many other businesses related to the import and export sectors. There is a tremendous response from the private sector for business opportunities available at the Hambantota Port where is the biggest service and industrial port in the country constructed closest to the international maritime routes off Hambantota.

There is also considerable interest among new investors in the Hambantota Free Trades and Economic Zones.

The port is the nearest point to the main shipping route that connects the East and West, which will be a major advantage. The region is also considered a better geographical location with fair weather conditions.

According to the Sri Lanka Ports Authority Chairman Priyath Wickrama the Port would generate revenue of over US $ one billion very early provide employment opportunities more than 2,000.


 

 
 
   
   
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Last modified: August 25, 2012.

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