Sri Lanka port welcomes foreign investors
Hambantota to welcome foreign investorsThe Sri Lankan port of Hambantota will be opening its doors to foreign investors.
All sectors, except bunkering, will be available for foreign investors to develop, according to Sri Lanka Ports Authority (SLPA) Chairman Priyath Wickrama.
"We will handle oil bunkering. We don't want to give it outside," Wickrama told Reuters.
"But bulk cargo handling, storage facility, warehouses, transshipment and all others are open for investments."
Wickrama said the Hambantota port project has received interest from about 30 investors.
These include major shipping lines and companies from countries such as India, Singapore, Russia, the Middle East, Australia and China.
The Chinese government has funded 85% of the total $76.5 million development cost to build the bunkering terminal at Hambantota port, with the remaining 15% coming from SLPA.
Construction for the entire port has been led by Chinese companies since 2008.
According to the spokesman, SPLA is currently in talks with China to request an additional $800 million loan for the second phase of the project.
Reuters reported that Wickrama declined to specify if China would be a potential operator of Hambantota's bunkering facility.
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