ECONOMYNEXT – A Chinese-managed Hambantota port on Sri Lanka’s south coast is being positioned as a multi-purpose port with facilities and space to cater to a wide range of industries and services, an official said.
“Hambantota is a well-known historic port, but to the world at large it is relatively new,” said executive, Tissa Wickramasinghe, Chief Operating Officer of Hambantota International Port Group (HIPG).
“No one knows about HIP’s deep water capability and the vast area of land surrounding the port, well primed for development.”
Hambantota’s facilities and services were promoted at ‘Transport Logistics 2019’ an international transport and logistics exhibition held in Munich, Germany last week.
HIPG is promoting the multi-purpose Hambantota Port as an entirely new proposition with the marketing based on its variety of cargo and port services, Wickramasinghe was quoted as saying in a statement.
“Hambantota Port is in line with the national vision for port development in Sri Lanka and responds to the Sri Lanka Port Authority’s future growth plans for a modern port, free of urban restrictions, assuring long-term expansion capacity and a world standard industrial and logistics zone,” it said.
The Sri Lankan economy is entering a new phase in its development strategies where PPPs (public-private partnerships) are being taken on to synergise the country’s approach to meeting market challenges,” it said.
“HIPG is of the belief that these new policies will unlock investments in the micro, small and medium sized sectors, which will indirectly promote a trickledown effect into the larger economy which would in turn have a direct impact on growth, job opportunities and ultimately prosperity for the nation.”
HIP’s full range of services include container handling, general cargo, ro-ro, passenger, bunkering, bulk terminal, gas, and project cargo.
The port has drawn a master plan to become a logistics hub in the region, with warehouses, storage areas, and distribution centers being set up within its premises.
(COLOMBO, 12 June 2019)