Sri Lanka Port Authority Eyes New Investments

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 Sri Lanka, opened for commercial operations last month.

Its first appeal for investment is reported to have raised $800 million from 11 different sources.

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Dredging Today Staff, July 12, 2012; Image: slpa