Sri Lanka investment agency opens centre in Hambantota port

ECONOMYNEXT – Sri Lanka’s Board of Investment (BOI) has set up a ‘one-stop’ service centre at the southern Hambantota International Port (HIP) run by a Chinese port firm.

It aims to provide investors in the port and related services with easy access to avail themselves of concessions open to them, a statement said. 

HIPG whose principal shareholder is CMPort, one of the world’s leading port operators, is targeting port related activities within the 3.5 square kilometer area allotted for the port’s development.

“This is an entirely new concept in Sri Lanka and HIPG is very excited about promoting this locally and internationally, to attract port related industries to Sri Lanka,” said Tissa Wickremasinghe, chief operating officer of HIPG.

“The Hambantota Port is uniquely placed not just in Sri Lanka but on the global maritime map, the main reason being its positioning in close proximity to the sea lane connecting east and west.  The fact that it is not located in a congested city, but has enough land space to expand, will also provide great opportunities for investors.”

The One Stop Service Center would be a launchpad for the next stage in port development, where Sri Lanka would join international trade and commerce, from the southern part of Sri Lanka, the stateement said.

“The vision of Hambantota International port is to create the right mix to take port development from merely a destination for sea going vessels, towards commercial, marine services and lifestyle concepts — more so when one considers how airports have developed in recent years.”
(COLOMBO, April 03, 2019-SB)

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