Port and logistics...

Port and logistics fraternity joins bandwagon

Ceylon Association of Shipping Agents (CASA), Sri Lanka Logistics & Freight Forwarders Association (SLLFFA) and Sri Lanka Association of Vessel Operators (SLAVO) have commended the Public Private Partnership agreement between the Sri Lanka Ports Authority (SLPA) and China Merchants Ports International Ltd., to operate the Port of Hambantota.

A meeting was held recently at the Ports and Shipping Ministry to brief the shipping and logistics fraternity on the successful execution of the agreement to develop the Port of Hambantota.

“This historic agreement will create many opportunities, besides shipping and logistics, in developing the Southern Province, creating employment opportunities for the people of Sri Lanka amongst many other benefits to the economy,” a communiqué by CASA said.

SLLFFA also commended the successful execution of the agreement, to develop the Hambantota Port.

“We are delighted to note the proceeds of the FDI received will relieve the huge debt burden on the Port of Colombo. The government and the public at large and will be put to good use to develop the Port of Colombo and other Ports of the country. We also wish to applaud the initiatives taken to commence development of the East Container Terminal, ” SLLFFA stated.

Meanwhile, SLVO said it was encouraging to see positive steps taken in the right direction, to lease out the Hambantota port to China Merchants Group, for a greater benefit to Sri Lanka as a whole.

“The government’s decision to enter into a billion dollar partnership with a state – owned listed Chinese company to revive the loss – making Hambantota Port is appreciated”, SLAVO said.