header logo
Asia asset finance
Mogo Academy
Latest
Hambantota port rock blasted
Nov 30, 201101:18 PM
Hambantota port rock blasted

Hambantota Port Entrance channel rock blasting has been completed, The Port Chief Engineer Agil Hewageegana told Ada Derana a short while ago. He added that currently the blasted rock particles are being removed.

 

Hambantota port is being built by a consortium consisting of China Harbour Engineering Corporation and Sinohydro Corporation and funded with Chinese government loans at commercial lending rates.

 

The government came under heavy criticism for the late discovery of the rock and the additional cost of clearing it.

 

Sri Lanka’s port authority in August said it has asked China for $40 million loan to demolish a massive seabed rock obstructing the entrance of its new $1.4 billion Hambantota port, due to start commercial operations this year.

 

The island nation launched the port in August 2010 with an initial target of handling 2,500 ships annually, as a cornerstone of a $6 billion drive to rebuild infrastructure that was neglected during a 25-year civil war.

 

But large ships are yet to call on the port and the country’s main opposition United National Party (UNP) has pointed to the rock as a sign of government mismanagement.

 

 

 

 

 

MostRead
Mobitel Upahara
VideoStories
"No mention of Gotabaya’s name in Easter Attack Comm. reports" Court told during petition hearing

"No mention of Gotabaya’s name in Easter Attack Comm. reports" Court told during petition hearing

Chinese Embassy donates school supplies and dry rations following request by MP Dilith Jayaweera

Chinese Embassy donates school supplies and dry rations following request by MP Dilith Jayaweera

Chikungunya cases surface in addition to dengue outbreak; Public urged to destroy breeding sites

Chikungunya cases surface in addition to dengue outbreak; Public urged to destroy breeding sites

Chaos and uproar in Parliament after Speaker rejects request to debate issues within judicial sector

Chaos and uproar in Parliament after Speaker rejects request to debate issues within judicial sector

Govt. moves to amend laws to remove provisions on marking voters using indelible ink at elections

Govt. moves to amend laws to remove provisions on marking voters using indelible ink at elections

“This is injustice!”: Family appeals to Pope to intervene over continuous detention of Suresh Sallay

“This is injustice!”: Family appeals to Pope to intervene over continuous detention of Suresh Sallay

Dengue cases increasing at an alarming pace; IDH, Kalubowila and Galle hospitals reach capacity

Dengue cases increasing at an alarming pace; IDH, Kalubowila and Galle hospitals reach capacity

Sri Lanka's health system at risk due to surge in dengue cases; PHIs intensify crackdown

Sri Lanka's health system at risk due to surge in dengue cases; PHIs intensify crackdown

SJB-UNP coalition on the cards; Sajith calls for reduction in fuel prices, electricity tariffs

SJB-UNP coalition on the cards; Sajith calls for reduction in fuel prices, electricity tariffs

“Safeguard Suresh Sallay’s health and legal rights” Global Sri Lankan Forum writes to President

“Safeguard Suresh Sallay’s health and legal rights” Global Sri Lankan Forum writes to President

“Sri Lanka's core issue is weak financial literacy” -Derana Deputy Chairman Laksiri Wickramage

“Sri Lanka's core issue is weak financial literacy” -Derana Deputy Chairman Laksiri Wickramage

Sarath Weerasekara writes to ARFRO on Suresh Sallay's behalf

Sarath Weerasekara writes to ARFRO on Suresh Sallay's behalf

Government puts up theatrics to avoid farmers' concerns – MP Dilith Jayaweera

Government puts up theatrics to avoid farmers' concerns – MP Dilith Jayaweera

‘We have no intention of following previous regimes’ – PM Harini Amarasuriya

‘We have no intention of following previous regimes’ – PM Harini Amarasuriya

Suresh Sallay treated at National Hospital for 12 days; Maligakanda Magistrate visits for inspection

Suresh Sallay treated at National Hospital for 12 days; Maligakanda Magistrate visits for inspection

Lassana Flora