FCC

Sri Lanka, China, India jointly invest to develop Lankan ports

2018-08-07

In order to develop three key ports in Sri Lanka, over $ 700 million will be invested by Sri Lanka Ports Authority (SLPA), China and India jointly. To commence the third phase of the Hambantota Development project, China would be investing $400-$600 million, while the Government of India will be pledging $40 million to upgrade the Kankesanthurai Port. The SLPA, who had made Rs 13.3 billion profit in the previous year, will be investing the profits in the development of East Container Terminal (ECT).