Hambantota Port inks in New Prospects

NEWS ITEM ….http://www.xinhuanet.com/english/asiapacific/2021-08/10/c_1310119624.htm

Sri Lanka’s Hambantota International Port (HIP) signed a 58-million-U.S. dollar deal with Maldivian company Sea Horse Yachts on Monday to assemble and export yachts from HIP’s industrial park.

Mr Jayampathy, Secy, Ministry of Ports i signing the document, with Parakrama Dissanayake seated on his right

Namal Rajapaksa, minister of youth and sports and state minister of digital technology and enterprise development, told Xinhua that the project would be a stepping-stone for bigger investments in the local maritime industry, and for establishing Sri Lanka as a yacht-building nation.


He later tweeted that the project is expected to generate 500 jobs. Rajapaksa said that the Hambantota Port was fully equipped with all the infrastructure needed to attract investment, and that the government was working on improving the ease of doing business and expanding technical and vocational training for the maritime sector.

Johnson Liu, CEO of Hambantota International Port Group (HIPG), said that the industrial park has signed deals with over 30 investors from countries including Sri Lanka, Britain, Singapore, Japan, China and the Maldives.

The HIP is operated by HIPG, which is a joint-venture between China Merchants Port and the Sri Lanka Ports Authority

**** ****   ****





  • Dy. Chairman/Managing Director – Aitken Spence PLC
    Aitken Spence has been ranked by the Forbes Magazine as amongst 200 best companies outside USA, for 03 consecutive years.
  • Chairman – Elpitiya Plantations PLC
  • Chairman – Aitken Spence Plantations Management PLC
  • Managing Director – Aitken Spence Hotels PLC
  • Chairman – Aitken Spence Subsidiary Companies
  • Co-Chairman – CINEC Campus
  • Council Member – Fiji National University
  • Professor (visiting) – Shanghai Maritime University
  • Professor (visiting) – Dalian Maritime University
  • Hon. Consul General – Republic of Fiji Islands

Past Positions

  • Secretary, Ministry of Ports, Shipping & Southern Development
  • Chairman, Sri Lanka ports Authority (two stints)
  • International President, Institute of Chartered Shipbrokers (UK)
  • Chairman/CEO, Aitken Spence Maritime & Logistics
  • Chairman, Chartered Institute of Logistics and Transport (UK) S/L Branch
  • Board Director, Urban Development Authority
  • Board Director, Ceylon Shipping Corporation


Filed under accountability, authoritarian regimes, commoditification, economic processes, export issues, foreign policy, historical interpretation, island economy, landscape wondrous, legal issues, life stories, modernity & modernization, politIcal discourse, power politics, self-reflexivity, sri lankan society, transport and communications, working class conditions, world events & processes

2 responses to “Hambantota Port inks in New Prospects

  1. Anil Perera

    Good that they gave it to the Chinese. Otherwise our politicians would have done what they did to Sri Lankan Airlines and made it another white elephant.

  2. Pingback: Betwixt India and China: Little Lanka | Thuppahi's Blog

Leave a Reply