Sri Lanka's Hambantota port draws a billion dollars of industries

Tuesday, 04 June 2013 - 12:35

Sri+Lanka%27s+Hambantota+port+draws+a+billion+dollars+of+industries

 

Hambantota Port has drawn about a billion US dollars in investments in a second call for investors.

Eleven manufacturing and processing for export industries with combined value of a billion US dollars had been selected by a cabinet appointed negotiations committee.

A first call to investors drew over 800 million dollars of investments with firms ranging from cement manufacturing, sugar refining, plastics and warehousing coming in.

Sri Lanka Ports Authority is also expected to begin bunkering from the port from around July after testing of its facilities are completed.



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