The Hambantota International Port (HIP) has declared 2022 as a ‘Year of Construction’, with several ongoing projects reaching different stages of building their respective plants in the Port’s Industrial park.
 The yacht building facility, by SeaHorse Yachts, will span 3.25 hectares. |
The HIP is fully concentrated on getting the projects off the ground so that the first phase of the park would be up and running by the end of this year.
The Port’s high-speed productivity concept ‘HIP Speed’, is playing a key role in accelerating all aspects of the three main projects that are currently under construction.
The luxury Yacht building plant, the Plug and play park-in-park facility and the tyre manufacturing plant that broke ground at a record speed with the port’s support, brings a total value of US $ 373 million in foreign direct investments to the country.
Hambantota International Port Group (HIPG) CEO Johnson Liu said, “We have declared 2022 the ‘Year of Construction’ as our focus during these 12 months would be mainly on the construction of phase one of the port’s industrial park and allied sectors. It is not that construction for new projects will not continue in years to come, but we believe the special emphasis is needed right now, in structuring the foundations of this multipurpose port. HIP, unlike any other port in Sri Lanka, includes an industrial park, which we will strongly push in our marketing and brand positioning, to attract further investment to our park and other areas of the Hambantota district.”
The projects that are currently in construction include the US$ 58 million state-of-the-art yacht building facility, by Sea Horse Yachts (Pvt) Ltd., which will complete land levelling this April, and begin construction by mid-2022.
The US$ 15 million plug and play park-in-park facility by Shenzhen Xinji Group, is currently at the foundation level.
The US$ 300 million tire manufacturing plant by Shandong Haohua Tire Co. Ltd, has completed levelling work and will commence construction between the second and third quarters of this year.
The plant, which will be built in 2 phases, has an annual production commitment of 20,000 container units.
The tire manufacturing plant by Shandong Haohua Tire Co. Ltd will account for 55.8 hectares.
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