The Hambantota International Port Group (HIPG) in Sri Lanka has reportedly stated that it has signed Terminal Service Agreements (TSAs) with top players in the shipping industry in a bid to attract more vehicle cargo to the port
The government of Sri Lanka has reportedly awarded a US$ 91.27 million contract to upgrade the country’s northern railway line to India’s IRCON International Ltd.
Emerald Sri Lanka Fund is to take a 20 percent stake in Pan Asian Power (PAP) in a proposed private placement at Rs. 3.20 a share with the money to be used to partly finance solar power projects, the local media has reported referring to a stock exchange filing.
East West Properties Limited of Sri Lanka has reportedly announced that the company has received about Rs. 3 billion in cash from the sale of a hotel to a Singapore-based firm.
Sri Lanka’s Government Information Department has stated that Ceylex Engineering, a local privately owned power engineering company, has won a Rs. 2,708 million deal to build transmission lines for state owned power utility company, the Ceylon Electricity Board (CEB).