July 10, 2012 (LBO) – Sri Lanka’s state-run ports agency is targeting a billion US dollars of investment at the southern Hambantota Port in a request for proposals that is closing in August 2012, an official said. The Chinese finance port is positioned as an industrial port with transshipping via roll-on-roll off vessels, entrepot trade and supplying ship fuels. “Our intention from the second request for investment proposals is to attract one billion dollars,” Sri Lanka Ports Authority chairman Priyath Bandu Wickrema told a ports conference in Colombo Tuesday.
The forum on ‘Sri Lanka Ports, Trade and Logistics’ is hosted by the Sri Lanka Ports Authority and organized by Sea Trade, an international events company specializing in the maritime sector.
From the first request for proposals the ports agency garnered 11 investments of 800 million US dollars to the Hambantota port ranging from cement packing plant, sugar refinery, a plastics plant and warehouses.