JV for constructing LNG storage tanks
• The government of Sri Lanka is requesting investment proposals for LNG storage tanks and combined cycle LNG Power Station at Hambantota Port.
The Ministry of Ports and Shipping has submitted a proposal to start a joint venture for the construction of LNG storage tanks and combined cycle LNG Power Station at Hambantota Port.
Accordingly, the Chinese government has agreed to construct a LNG power plant and a LNG storage tank on BOT basis.
This was the result of a recent MOU signed between the Sri Lankan and Chinese government.
Potential parties could register their interest with OSL, to bid for the LNG storage tanks and combined cycle LNG Power Station project at Hambantota Port.
More details could be obtained via the biz-friendly OSL Team now.
The Port of Hambantota:
• The Port of Hambantota is a maritime port in Hambantota, Sri Lanka.
• The 1st phase of the port was opened on 18 November 2010, with the first ceremonial berthing of the naval ship “Jetliner” to use the port facilities.
• Hambantota Port is built inland and operated by the Sri Lanka Ports Authority.
• Total estimated construction cost of the Phase 1 of the project is US $361 million and out of which, 85% has been funded by the EXIM Bank of the People’s Republic of China.
• Construction of the port began in January 2008. It will be Sri Lanka’s largest port, after the Port of Colombo.
• The Port of Hambantota will serve ships travelling along one of world’s busiest shipping lines – the east-west shipping route which passes 6 to 10 nautical miles (19 km) south of Hambantota.
• The first phase of the port project will provide bunkering, ship repair, ship building, and crew change facilities.
• Later phases will raise capacity of the port up to 20 million TEUs per year.
• When completed, the port will be the biggest port constructed on land to date in the 21st century.
|Article Code :||VBS/AT/04082016/Z-3|