Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Local and foreign companies line up to invest in Sri Lanka's southern port city
Mon, Jul 28, 2014, 11:47 am SL Time, ColomboPage News Desk, Sri Lanka.

July 28, Colombo: Twelve leading local and foreign companies have lined up to invest in mass scale production facilities in the industrial city that is being developed adjacent to the Hambantota Ruhunu Magampura Port, a senior government official said.

The Chairman of Sri Lanka Ports Authority Dr. Priyath Bandu Wickrama said that these 12 companies have agreed to bring in US$ 1.55 billion as investment for projects.

The Chinese funded and built Port in the deep South has allocated 529 hectares for the industrial city. The Port has been made a Free Port that enables duty free import and re-export after value addition.

To establish port-related businesses within the Hambantota Port premises, the SLPA successfully floated a Request for Proposal (RFP) scheme in 2012.

The Hambantota port, which is a service and industrial port, has a clear advantage over many ports in the region due to its strategic location along the east-west shipping route.

ColomboPage - Recent 10 Stories
Construction work on Rajagiriya flyover begins today
-- [35 minutes ago]
MDMK leader Vaiko wants UNHRC, Red Cross to probe disappearances of Tamils in Sri Lanka
-- [1 hour and 12 minutes ago]
Sri Lanka President to declare 2017 as the year to liberate the country from poverty
Government created a conducive environment in North for people to live a normal life - FM
U.S. Navy ship Frank Cable arrives at port of Colombo in Sri Lanka
Finance Minister invites SAARC nations to invest in Sri Lanka's Financial City
World Bank support of US$ 202 mn to improve livability and infrastructure in three major cities of Sri Lanka
The Lanka Hospital Corporation appoints new chief executive officer
Teenager arrested for hacking Sri Lankan President's website
LTTE leader's name may be submitted to OMP as a missing person - report

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.