April 01, 2023
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    Development works of Hambantota Port commences next month

    November 15, 2017

    Development works of Hambantota Port through a Public-Private-Partnership may commence next (December) month under the amended concessionary agreement, Co-Cabinet Spokesman, Minister of Sports Dayasiri Jayasekara told today (15th Nov.).


    Responding to a question raised by a journalist at the Weekly Cabinet briefing held today, Mr. Jayasekara said that the Cabinet has approved proposal of Minister of Ports and Shipping Mahinda Samarasinghe to amend the concessionary agreement between the investing company and Sri Lanka Ports Authority (SLPA).


    On the request of the government, the Chinese Company has agreed to amend the previous agreement in regard to payments in following manner; to pay, 30% (1 instalment) on the effective date , 10% after one month (2 instalments) and rest 60% within 06 months (3 instalments). It has been decided to sign an additional agreement in this regard.

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