The Chinese managed port in Sri Lanka’s southern coast equipped to increase efficiency and haul heavy cargo
The Hambantota Port in Sri Lanka’s southern coast has reportedly received new equipment designed to haul heavy cargo, which in turn is to improve the port’s efficiency.
According to reports, the Hambantota International Port Group (HIPG), which operates the port, made an investment of over US$ 600,000 to further develop the operations of the Hambantota port.
The new equipment includes the purchase of 40-foot Ro-Ro (roll on-roll off) trailers designed to allow efficient maneuverability and break-bulk lifting gear.
“The new additions are expected to revolutionize cargo handling at the port, helping to enhance efficiencies and economies of cargo handling,” the statement has noted.
“HIPG is confident of seeing a boost in terminal operations, productivity, and service quality with this investment, which reaffirms the company’s commitment towards positioning Hambantota International Port as a multi-purpose port, conforming to international standards.”
Hambantota International Port Group is a joint venture set up by the China Merchants Port Holdings Company and the Sri Lanka Ports Authority (SLPA). Majority shares are vested with the Chinese company.
OSL take:
The improvements made at the Hambantota Port would make it more efficient in handling heavy cargo. This would be an added advantage for the industries that have set up operations within the Hambantota industrial park. All these are indicative of increased manufacture, trade and shipping activities in Sri Lanka’s southern region of Hambantota. Therefore, foreign businesses engaged in the industrial manufacture and trade sectors could explore investment opportunities in the Hambantota area.
| Article Code : | VBS/AT/20181109/Z_1 |