Business Times

Trinco port calls for RFP

By Sunimalee Dias

Trincomalee Port in the former war-torn eastern region is calling for proposals for investment next month – with an eye on hotels. This comes in the wake of the government approving four investors worth US$700 million in the first batch of the first Request for Proposals (RFP) for Hambantota; while also awaiting Cabinet approval for the second batch of six RFPs that was called in Auust 2010. The investors at Hambantota are involved in the establishment of a chemical processing factory, sugar refinery, cement grinding and fertilizer plant - Thatta Cement from Pakistan.

Sri Lanka Ports Authority (SLPA) Chairman Dr. Priyath Bandu Wickrama told the Business Times that the first RFP would take place in November for the Trincomalee port without targeting any container handling.

He noted that they intend giving out land to investors interested in constructing hotels in the area. In addition an industrial zone will be established under the Industrial Ministry on a 50-acre land area for the construction of factories within the port premises and a few investors from the local industry. The port has already received requests for activities to commence and the SLPA is also promoting it for investments towards establishing an oil refinery, drilling and ship repair.

Bids in this respect, will be carried out on a small scale with the port also being used for passenger handling and other port related industries, Dr. Wickrama said. He also said that currently, the Oluvil and Kankasanthurai ports were under construction with the latter gaining support from India as well. In the future, SLPA intends to attract investors to these ports as well, Dr. Wickrama noted.

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
 
Other Business Times Articles
Shangri-La projects face major delays
Trinco port calls for RFP
MTD Walkers looks for easily identifiable brand name
Some brokers await elusive 'big change’ at SEC
Defective Prius hybrid cars run on Lankan roads
Exportable flowers in the local market
SEC crisis: ‘Judge not lest you be judged’
SEC investigations will go on as planned
Stock market regulation needed but erratic implementation, no consistency
Sri Lankan workers up in arms against COLA discrimination
ADB, Sri Lanka agree on new country, 5-year strategy
Maldives unveils new tourism slogan and logo
Stock markets need to be regulated for transparency, fairplay
Dankotuwa now offers customer-personalised dinnerware
Bank of Ceylon to restructure its treasury; testing new look
Ayubovan Tea: New brand launched
Open letter to private sector bank directors and employees
ODEL reports strong 1H profit growth
Making pineapple a winning Sri Lankan export crop
Decision-making should be based on set criteria: US expert
Rajitha Dahanayake wins the ICT Entrepreneur of the Year Award at NBQA 2011
Innovation for speeding economic growth
Axis Bank says SL has potential for international finance hub
Gulf Air offers Television and latest in-flight Connectivity
Rs. 9 bln impact from SL nanotech fertiliser, apparel, rubber patents
CIC Holdings unveils new brand identity
Singapore’s largest health care group links up with
Cisco to get into local social entrepreneurship 'in a big way'
Textured Jersey to promote new applications for knitted fabric
Nenasa TV expands coverage to cover 2,000 schools
Signal hosts biggest ever dental camp
Sri Lanka Festival in Tokyo attracts visitors
Hibernation at the Colombo bourse
Tourism industry chills out
Spice Festival kicks off in Colombo
City of Kandy gets a boost
Hospitality industry lures new regional player
Growth in arrivals tops 34.4% in first 9 months

 

 
Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 1996 - 2011 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved | Site best viewed in IE ver 8.0 @ 1024 x 768 resolution