Sri Lanka looks for international investors for 108 acres near southern port
Sri Lanka’s cabinet has greenlit a plan to call investors to develop 108 acres of land in Hambantota for an industrial and container related project on a 50-year lease basis, minister Nalinda Jayatissa said.
The land measuring 108 acres, 3 roods, and 37.85 perches is located in Kaliyapura, roughly 16 km from the China-backed Hambantota International Port (HIP).
“The Cabinet approved the proposal to invite investment proposals following the international competitive bidding process,” Jayatissa told reporters.
HIP said in April that it has expanded its operational capacity to manage the increased volume of global shipping that has been rerouted due to the US-Israel war on Iran.
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