Trip Planner: Asia / Sri Lanka / Southern Province / Tangalle / Hambantota / Magampura Mahinda Rajapaksa Port
The Hambantota Port is a maritime port in Hambantota, Sri Lanka. The first phase of the port was opened on 18 November 2010, with the first ceremonial berthing of the naval ship "Jetliner" to use the port facilities. It is named after former President Mahinda Rajapaksa. Hambantota Port is built inland and operated by the Sri Lanka Ports Authority. Total estimated construction cost of the Phase 1 of the project is US $361 million and out of which, 85% has been funded by the EXIM Bank of the People's Republic of China.
Construction of the port began in January 2008. It will be Sri Lanka’s largest port, after the Port of Colombo. The Port of Hambantota will serve ships travelling along the east-west shipping route which passes six to ten nautical miles south of Hambantota. The first phase of the port project will provide bunkering, ship repair, ship building, and crew change facilities. Later phases will raise capacity of the port up to 20 million TEUs per year. When completed, it is claimed it will be the biggest port constructed on land to date in the 21st century.
However the port incurred heavy losses making debt repayement an issue as a result in 2016 it was proposed to lease 80% to the China Merchants Ports holding company in a debt-for-equity swap who will invest 1.12 Billion USD to revive the port under a Private-Public Partnership Later it was decided that under the agreement CMPorts will divest 20% of its shares to a Sri Lankan company within ten years. CMPort will have to spend at least US$ 700-800 million or more to bring the port to operational level.. In 2017 July, the agreement was signed leasing 70% of the Port to CMPort instead of the initially proposed 80%.
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Magampura Mahinda Rajapaksa Port Reviews
There was an operational port at Hambantota as early as 250 BC. Situated at the southern end of Sri Lanka the natural harbor was a convenient stop for Chinese and Arab merchants along the maritime... more »
This airport is about 6.0 hours travel from colombo by vehilce through southern highway. Since it is a very young airport it was not crowded at the time we went there. but lot of local people visit..... more »
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