Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Sri Lanka's Hambantota port seeks foreign investment

Sri Lanka's Hambantota port seeks foreign investment

Colombo: Sri Lanka Ports Authority has invited overseas investors to participate in tenders for a variety of projects to develop its port of Hambantota. "Bulk cargo handling, storage facility, warehouses, transhipment and all others are open for investments. But we will handle oil bunkering. We don't want to give it outside," Sri Lanka Ports Authority (SLPA) Chairman Priyath Wickrama told Reuters.

The port is also reported to be in negotiations with the Chinese government to secure additional funds (in the region of $800m) for phase two of development at the port. This follows on from the previous agreement that saw the Chinese government put up 85% of the $76.5m cost for a bunkering terminal at the port, with SLPA funding the remainder.  [02/08/10]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.