Fri, 29 Mar 2024 Today's Paper

Progress of Hambantota Port industrial park slows down amid current crisis

16 June 2022 09:13 am - 2     - {{hitsCtrl.values.hits}}

A A A

 

Amid multiple crises in the country, the progress of the Hambantota International Port’s (HIP) industrial park is facing several challenges in the construction front as well as delays in investment flows, according to the company officials.


During a recent inspection tour made by Ports, Shipping and Aviation Minister Nimal Siripala de Silva to the Hambantota Port, the HIP officials revealed that the construction of the port’s adjoining industrial park has significantly slowed down amid the fuel crisis and import restrictions.

Further, they noted that investment flows are also being delayed, due to the effects of the pandemic as well as due to the on-going crisis in the country.


Despite the persisting challenges, the HIP officials noted that the industrial park has already taken the initial steps to set up a luxury yacht manufacturing plant, a large-scale bonded warehousing complex and a duty free trade centre.


The minister agreed to take up these matters with the relevant state institutes shortly, in order to find expedited solution for these matters.


The industrial park aims to replicate the success of China Merchants Port’s strategic Port, Park and City model, which was initially implemented in the renowned industrial zone Shekou, in Shenzhen, in China.  


By 2025, HIP aims to develop the industrial park to an area of 228.53 hectares, which is demarcated and classified into three industry clusters—heavy industries, light industries and food processing industries.


Further, it includes a service area and an artificial island as a green belt.


According to the minister, the government has already handed over a 500-acre land to HIP for the development of the industrial park. The Hambantota Port and the adjoining industrial park remain key projects under China’s Belt and Road Initiative.

 

 


Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 2

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka
  • Economist Thursday, 16 June 2022 06:02 PM

    Abandon it and close it down for good. It’s a whiter than a white elephant.

    Buddhist Friday, 17 June 2022 01:47 AM

    Chinese never delivered on what they promised re: Hambantota industrial zone, this happened even before the present crisis.


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment





Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

VAT increase: SOUNDs death knell for publishers, readers

Though the Government imposed VAT (Value Added Tax) on vegetables and other e

How female change-makers are driving Sri Lanka’s energy saving platform

Saving energy has become more of a responsibility than a habit in today’s c

A dull Ramadan awaits Muslims amidst the Soaring Cost of Living

In the coming days, Muslims across the world will welcome the Holy Month of R

New wildlife underpass to curtail HEC

As of February 2024, Sri Lanka lost another 38 elephants as a result of the H