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Sri Lanka's Hambantota port to attract $500m investments: Official
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IANS | 23 Jun, 2018
Sri Lanka's southern Hambantota Port is aiming to attract investments
worth $500 million as plans are afoot to set up port related industries
inside the port as well as general operation expansion, Ports Minister
Mahinda Samarasingha said on Friday.
China Merchant Port Holdings
(CM Port) and state-owned Sri Lanka Ports Authority in July last year
signed an agreement to manage and run the operations of the Hambantota
Port, Xinhua news agency reported.
Following the signing, the
Hambantota International Port Group (HIPG) was set up, which is a joint
venture company formed by the Sri Lankan government and CM Port.
Samarasingha
said that to date, HIPG received 15 proposals to set up plants inside
the port from local to international investors.
With the
establishment of the joint venture with CM Port, the port has been able
to double the number of transshipment vehicles handled from 15,000 to
35,000 per quarter, the minister said.
He said that although from
quarter-to-quarter, the number of ships remained the same, the number
of transshipment vehicles handled had doubled at the Hambantota Port.
"It
is through the global network that CM Port has that we were able to
increase the numbers," Chief Operating Officer of HIPG, Tissa
Wickramasinghe said.
Sri Lankan Prime Minister Ranil
Wickramasinghe earlier called the Hambantota Port "the largest
multi-purpose port in Sri Lanka that will add to the country's concept
of transforming into a hub in the Indian Ocean".
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