CMPort Archives - Ceylon Independent

China strongly committed to helping Sri Lanka become prosperous: Envoy

24May

By Faraz ShauketalyNo Comments

Business, Main Story

China strongly committed to helping Sri Lanka become prosperous: Envoy

By Nisthar Cassim and Shannon Jayawardena China yesterday expressed stronger commitment to help Sri Lanka realise its goal to become a prosperous country, allaying fears over growing engagement and stating it has to do with gratitude and cooperation, and not ulterior motives. “China and Sri Lanka have strong complementarities, and the potential for cooperation is still waiting to be explored. With concrete efforts and under the guidance of our leaders, I am fully confident that in the new era of our bilateral relations, we will certainly gain the success of joint construction of BRI in Sri Lanka, and embrace the Sri Lankan dream of a prosperous country and a happy people,” China’s Ambassador Cheng Xueyuan said yesterday. “Long live China-Sri Lanka friendship,” Ambassador Cheng sai...

India expects Sri Lanka to keep their security concerns in mind regarding Hambanthota

15Dec

By Faraz ShauketalyNo Comments

Uncategorized

India expects Sri Lanka to keep their security concerns in mind regarding Hambanthota

India says it continues to take up its security concerns with Sri Lanka and expects the Government of Sri Lanka to keep New Delhi's security concerns and sensitivities in mind with regard to development in the neighborhood. Ministry of External Affairs spokesman Raveesh Kumar responding to a question on Sri Lanka handing over the operational control of its southern Port of Hambantota to China, said India is confident about the strength of its ties with Sri Lanka regarding the regional developments. "Regarding Hambantota we are actually confident about the strength and enduring nature of our ties with Sri Lanka which are deep rooted and multi-dimensional." He said New Delhi's relations with Sri Lanka stand on its own and is not dependent on India's relations with any third country....

Gazettes pave way for Hambantota Port handover

9Dec

By Faraz ShauketalyNo Comments

Business, Main Story

Gazettes pave way for Hambantota Port handover

By Ashwin Hemmathagama – Our Lobby Correspondent Gazette notifications on the shareholder agreement on two joint venture entities which will operate commercial and common user facilities respectively at the Magampura Mahinda Rajapaksa Port, reached Parliament yesterday prior to handing over of the port this weekend. China Merchants Port Holdings Company Ltd. (CMPort) or its nominees will own 85% and Sri Lanka Ports Authority (SLPA) will own 15% of the stake in Hambantota International Port Group Ltd. (HIPG), which will undertake the project identified to restructure the Magampura Mahinda Rajapaksa Port development and transform it to be a commercially-viable national asset in collaboration with the SLPA with an envisaged investment of $794 million. Hambantota International Port Se...

Sri Lanka’s CICT invests over USD 10 Mn in green infrastructure at Colombo Port

24Nov

By Faraz ShauketalyNo Comments

Business

Sri Lanka’s CICT invests over USD 10 Mn in green infrastructure at Colombo Port

Sri Lanka's Colombo International Container Terminals (CICT) has completed a project to convert the company's diesel-operated rubber-tired gantry cranes to electric-powered rubber-tired gantry cranes or E-RTGs, making a major contribution to efforts by the Port of Colombo to go Green. Costing more than $ 10 million, the project has resulted in CICT deploying 40 zero-emission E-RTGs at the company-managed Colombo South container terminal, achieving a 45% reduction in the terminal's overall carbon dioxide emissions to the environment and a reduction of more than 95% in diesel consumption. Commenting on the E-RTG project, CICT CEO Ray Ren said "this initiative demonstrates CICT's as well as our parent company CMPort's commitment to reduce greenhouse gas emissions in the Port of Colombo ...