Sri Lanka US$750mn sea reclamation to China Harbour

The Hapag-Lloyd delegation including, Capt. Prateek Gandhi – Director Operations, Hapag-Lloyd, Regional Office, Dubai,Mr. Faheem Mir – Manager - Operations, Hapag-Lloyd, Regional Office, Dubai,Mr. Lalith Witanachchi – Vice President, Hapag-Lloyd Lanka (Pvt) Ltd, Mr. Mindaka Dassanayake – General Manager, Hapag-Lloyd Lanka (Pvt) Ltd.,Mr. Rohan Ranasinghe – Terminal Operations Manager, Hapag-Lloyd AG and Mr. Iqram Cuttilan – Managing Director, Aitken Spence Shipping Ltd poses for a pic with SLPA’s Chairman -Admiral Sirimewan Ranasinghe and the Managing Director - Eng. Ganaka Hemachandra. SLPA's Vice Chairman - Eng. Herath M.P. Jayawardhana, Director (Operations) - Mrs. G. Zavia Miskin and Director (Marketing and BD) - Mr. H J K U Kumara are also present.

Dec 02, 2011 (LBO) - Sri Lanka is in talks with China Harbour Engineering Company (CHEC) to reclaim 500 acres from the sea next to Colombo Port for a 750 million dollar project, an official said.
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Sri Lanka has said five acres of land in Colombo's Galle Face beachfront, which is near the port, will be sold on a 99-year lease to India's ITC for 73.
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5 million dollars.

Chairman of state-run Sri Lanka Ports Authority, Priyath Bandu Wickrema said China Harbour will get a part of the reclaimed land on lease in return for their investment.

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"We are giving a piece of the land on lease to them for the investment," Wickrema said.


"We might invest as well."

He said the share of investment will be decided on a valuation of the 500 acres of reclaimed land. All reclaimed land will be owned by the ports authority.

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Wickrema said the reclamation may start in the first quarter of 2012.

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