Aug 04, 2011 (LBO) – The Sri Lankan government has approved the award of contracts for manufacturing plants in a new port in the south where a remaining rock obstacle will be blasted soon to enable big ships to enter. “Port development takes a good 5-10 years to develop. Today we are competing with other ports but we are confident we can beat the completion and we’ll have our share of business. It takes time – it is a mid- and long-term business.” Media minister Keheliya Rambukkwella said the Cabinet of ministers had approved proposals for a a sugar refinery, petro-chemical plant and fertiliser storage, processing and bagging plants in the new southern Hambantota port.
The Sri Lanka Ports Authority has prepared a business plan to identify business ventures for the port.
Proposals for businesses were evaluated by a Cabinet-appointed negotiating committee and a project committee , Rambukwella told a news conference.
He acknowledged that the rock was an impediment that delayed completion of the port built by Chinese contractors but added that unforeseen problems were not unusual in big infrastructure projects.