Press briefing of Cabinet Decision taken on 2011-08-03

Hambantota Port Development Project - Commencement of Business Ventures

- on a decision taken by the Government to develop a Sea Port at Hambantota on a proposal made by H.E the President, the construction works of the project (Phase I) were commenced and completed as scheduled. Accordingly, a Business plan has been prepared by the Sri Lanka Ports Authority in order to identify the Business ventures that could be undertaken one of the project. Proposals were called from interested parties for the commencement of Business ventures at the Hambantota Port and those received have been evaluated by a Cabinet Appointed Negotiating Committee and a Project Committee. The proposal to award the contracts for operation of the following on the recommendations of these Committees, was approved by the Cabinet:

* Sugar Refinery Plant;
* Petro Chemical Plants; and,
* Fertilizer Storage/Processing/Bagging Plant.