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Trinco Projects

Officials from K. Seeds Investments Pvt Ltd (at left) with officials from Commercial Credit and Finance PLC (at right)

July 10, 2012 (LBO) - Sri Lanka's state-run ports agency is evaluating nine proposals from nine investors to build industries near the northeastern port of Trincomalee, chairman Priyath Wickrema said.
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Sri Lanka's Hambantota port has already received about 800 million US dollars of investments and a second investment round where bids are closing on August 2012 is expected to net a further billion US dollars of projects he said.

"Most probably we may get about five investors finalized," Wickrema said in the sideline of a forum organized by Seatrade, an shipping policy event management firm.

Proposals have been received in the areas including cement, ship building, ship repair and fish processing.

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