Search results for: Hambantota Port

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  • 21 June 2018
    Business & Finance

    CM Port invests final tranche of USD 584.2 million in Sri Lanka’s Hambantota Port.

  • 26 July 2017
    Business & Finance

    State-owned China Merchants Port Holdings (CMPort) is set to invest up to USD 1.12 billion in the development, management and operation of Sri Lanka’s Hambantota Port. The investment was unveiled on July 25, as part of the concession deal terms agreed between CMPort, Sri Lanka Ports Authority (SLPA), the Government of the Democratic Socialist Republic of Sri […]

  • 16 April 2014
    Business & Finance, Equipment, Technology

    The Hambantota Port will receive two ships to shore cranes and they will be placed inside the port by the end of this month.  “These ships to shore cranes are essential for the new ports like Hambantota, because those cranes have arms which are much longer than the gantry cranes,” said Parakarma Pillapitiya, the Business […]

  • 21 June 2010

    Filling of water to the new Hambantota Port basin will take place on August first. This deep sea port in southern Hambantota is being built… [mappress] Source: news , June 21, 2010;

  • 30 January 2013
    Business & Finance

    The Cabinet of Ministers approved to obtain further assistance from China to develop Phase I of Hambantota Port Development Project. The Cabinet approved President Mahinda Rajapaksa’s proposal to enter into a Framework Agreement with Chinese government to obtain financial assistance from the Exim Bank of China under Chinese Government Concessional Loan Facility. This loan will […]

  • 11 December 2017
    Business & Finance

    Sri Lanka has handed over Hambantota Port for operation to China under a 99-year lease deal.

  • 17 August 2010

    The Sri Lanka Ports Authority (SLPA) is planning to start bunkering activities at the Hambantota Port during the first quarter of next year. However, the Ports will start cargo handling in November, this year. SLPA Chairman Priyath B. Wickrama told Daily Mirror yesterday that plans are afoot mostly to do offshore bunkering for ships using […]

  • 12 July 2012

    Sri Lanka’s is seeking a new raft of investment for the Port of Hambantota, according to portworld.com. Sri Lanka Ports Authority chairman Priyath Bandu Wickrema said at ports conference in Colombo on Tuesday: “Our intention from the second request for investment proposals is to attract $1 billion.” The Hambantota Port, on the south coast of […]

  • 28 February 2011

    The second phase of the Hambantota port project is scheduled to commence next month with dredging on the last stretch currently in progress. Ports and shipping experts are sceptical about the success of the project due to lack of marketing and a sound supply chain which are vital to position the new port on the […]

  • 27 May 2014
    Business & Finance, Equipment, Technology

    The Hambantota Sea Port Project will greatly accelerate economic development in Sri Lanka’s Southern Province, the Hambatota Sea Port Project Manager Liu Hong Shen said. Shen was addressing an awards ceremony at Kirala Kele Hotel at Ambalantota where the best performers in the phase two of the Hambantota Sea Port Project for the first quarter […]

  • 24 August 2012

    China will finance the expansion of Hambantota Port in the island’s south with two loans of 600 million US dollars and one billion yuan, cabinet spokesman Keheliya Rambukwelle said. The dollar denominated loan will come from the Exim Bank of China and the yuan loan will come from the government of China. “The second phase […]

  • 31 January 2011

    The Sri Lanka Ports Authority will receive financial proposals from 25 entities to start industries at Hambantota port next week, Mr Priyath… (steelguru) [mappress] Source: steelguru, January 31, 2011;

  • 26 August 2011

    In response to the story run yesterday, concerning rock clearing operations at the Hambantota port, Dr Priyah Bandu Wickrama, Chairman Sri L… (dailymirror) [mappress] Source: dailymirror, August 26, 2011;

  • 1 June 2014
    Business & Finance, Equipment, Technology

    DEME: Solid Order Book Since the beginning of 2014, DEME managed to  maintain its order book at a fairly high level of about 3.0 billion EUR thanks to new orders, well spread worldwide across dredging, energy related and environmental activities.   Panama Canal Expansion Update – May 2014 (VIDEO) The Panama Canal expansion project will double […]

  • 16 August 2010

    Sri Lanka is preparing to open the first phase of a China-funded, US$1.5bil port project that has fuelled Indian concerns over strategic Chinese investment in South Asia. Sitting along the ancient “silk road” trading route and one of the world’s busiest shipping lanes, the Hambantota port is intended to be the engine that will drive […]

  • 12 December 2016
    Business & Finance

    The Sri Lanka Navy was called in on Saturday, December 10, to intervene and free two merchant vessels which had been held hostage for several days by port workers at the Hambantota Port. The port workers reportedly staged a protest campaign against the government’s plans to privatize the Hambantota Port. They were obstructing the operations of […]

  • 17 September 2014
    Business & Finance

    Sri Lanka Ports Authority (SLPA) has agreed on key terms of Supply, Operate and Transfer agreement (SOT) with China Harbour Engineering Company Ltd., and China Merchants Holdings (International) Company Limited (China Joint Venture). SLPA and the China Joint Venture will establish the Project Company  which will develop and operate the container terminal as part of Phase II of the Hambantota Port […]

  • 19 November 2010

    Sri Lanka’s new pounds Sterling 226 million deep sea port at Magampura harbor, Hambantota, on the south coast of the island has today been officially opened with the ceremonial docking of the first vessel to use the port facilities. In a ceremony presided over by President Mahinda Rajapaksa as part of the week-long festivities surrounding […]

  • 11 June 2010

    Government of China has offered financial assistance of US$ 200 million to build the second phase of the Hambantota Port.   [mappress] Source: news, June 11, 2010;

  • 17 September 2014
    Business & Finance, Project & Tenders

    China Merchants Holdings (International) Company and China Harbour Engineering Company Ltd. (the China Joint Venture) yesterday reached agreement with Sri Lanka Ports Authority (SLPA) on key terms in relation to the development of Phase II of the Hambantota Port Project. Under the deal, the China Joint Venture and SLPA will enter into a supply, operate and transfer […]

  • 12 July 2012

    Sri Lanka’s is seeking a new raft of investment for the Port of Hambantota, according to portworld.com. Sri Lanka Ports Authority chairman Priyath Bandu Wickrema said at ports conference in Colombo on Tuesday: “Our intention from the second request for investment proposals is to attract $1 billion.” The Hambantota Port, on the south coast of […]

  • 19 November 2015
    Business & Finance

    Sri Lanka’s Hambantota port will soon expand its operations with a new LPG terminal to be built by Laugfs Gas’ subsidiary Laugfs Terminals, and China Huanqiu Contracting and Construction Corporation (HQC). The companies signed an agreement on November 17 to invest over USD 80 million in what is to be South Asia’s largest import and export liquefied petroleum gas (LPG) terminal. Laugfs plans to […]