Hambantota commercial project evaluation soon
Evaluating investor proposals to grant permission to set up new
ventures in the Hambantota port is in progress.
The water filled Hambantota Harbour
The project committee will complete the evaluation process shortly,
Hambantota Port Chief Engineer Agil Hewageegana said. Currently, 27
investors have bid to set up commercial projects in the Hambantota port.
Earlier, 63 documentations had been taken by foreign and local
investors to submit their proposals.
Accordingly, six investors have bid for the cement industry, two
investors for the vehicle assembling, three investors for warehousing,
one investor for a sugar refinery, one investor for fertilizer and two
investors for petro chemicals. "Initially we are assessing the technical
eligibility of investors. We have to assess the financial statements of
the companies upto August, 2009 before granting permission for them to
set up ventures.
Following the approval, investors will have to set up ventures within
one and a half years.
"However, most investors have shown willingness to set up ventures in
October and November this year," Hewageegana said. A few months back the
Government requested project proposals from potential investors to
establish ventures in the Hambantota industrial port. Earlier, the
deadline for accepting project proposals was September 30. Investors
requested more time to submit proposals and the committee extended the
deadline to October 15.