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Monday, September 23, 2019
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 Investors eye Magampura Port development
 

Chairman of SLPA Dr. Priyath B. Wickrama pointing out to foreign and local entrepreneurs of the future prospects of investing in the business ventures available in Magampura.
 

New investors for Magampura took stock of the fast development on track at the Hambantota Port getting underway.

A special team of local and foreign entrepreneurs who obtained Requests For Proposals (RFP) up to now seeking investment and business ventures in fast developing Magampura, were taken for a visit at the Magampura Port currently being driven in the fast tract for the water filling of its basin for a rapid completion  to commence operations under its first phase. Currently, RFPs have been called for the business ventures at the Magampura Port until the 30 September 2010.

Giving impetus to the socio-economic development process of future Sri Lanka and fulfilling the objectives of the development of the port sector in the country as identified in 'Mahinda Chintahana', phase one of Magampura Port development Project was brought to a closer completion recently, with the filling of its basin with sea water held with the initiative of President Mahinda Rajapaksa. 

Magampura Port Development Project was initiated few years ago following studies to assess the viability of constructing a port for overall maritime activities in the area. Initially M/s SNC Lavalin International of Canada undertook a preliminary study in 2003. In the year 2005, preparation of the master plan for Magampaura Port Development Project was completed by M/s Ramboll of Denmark.

Nearly 85% of the Magampura project is financed by the Government of China on a loan agreement signed between the two countries, as such construction works were undertaken by a Chinese consortium namely, M/S China Harbour Engineering Company & Sinohydro Corporation Joint Venture. The total project cost will be US$ 361 million. The entire port belongs to the Government of Sri Lanka and all operations will be handled by Sri Lanka Ports Authority (SLPA).

A fully fledged Bunkering facility and a Tank Farm project will also be constructed at Magampura Port with 14 tanks with an expenditure of US$ 76, 581,774.  Eight tanks out of the 14 will be utilized for bunkering while the other 6 will be utilized as 3 each for aviation fuel and LPG tanks. The 14 tanks will offer a total capacity of 80,000m3. China Huanqiu Contracting and Engineering Corporation works as the contractor of the project. Under instructions of His Excellency the President Mahinda Rajapaksa with the objective of making Sri Lanka the future maritime hub of the Asian region as stated in 'Mahinda Chinthana', SLPA has implemented a dedicated task to fast tract the Magampura Port Development Project with the guidance of its Chairman and the head of the project Dr. Priyath B. Wickrama.

Under the phase one of the project a navigation channel about 1km long, 230m wide and 16m deep will be constructed enabling to accommodate vessels up to 100,000 DWT.  A 315m long east breakwater and a 950m long west breakwater are constructed with a  harbor basin of approximately    600 x 800m and depth of 17m. The 600m long quay being constructed will be for two berths for most of the expected ship sizes. A Service berth of 105 m long at 5 m depth, a 310m long Oil terminal and 300m dolphin quay and administrative and service facilities are also being constructed while fire fighting, water , electricity and telecommunication services will also be provided under the first phase of the project.

Two land areas of 200m distance of the quay and 1.5-2.0 km distance to the quay have also been identified suitable for business ventures as well.

Under the phase II of the Magampura Port Development Project, additional quay length of approximately 2500m will be constructed while the development of yard area of approximately 160 hectares will be done. With the final stage of the port around 33 ships would  be facilitated with the latest and state of the art  berthing facilities.

Under the phase two of the project investment and business ventures will be available for the cement grinding plant, cement storage and bagging plant, fertilizer storage /processing bagging plant, LP gas distribution facility, ware housing facility, vehicle assembling plant, flour mill, food processing & packaging and also many other business related to import and export sector.

The entrepreneurs who attended the visit at the Magampura Port Development project also participated at a presentation with the initiative of the Chairman of SLPA Dr.Priyath B.Wickrama, at the Peacock Beach hotel in Magampura on the investment and business ventures available at fast developing Magampura and suburbs parallel to the Magampura Port. Chairman of UDA Mr.Janaka Kurukulasuriya, Chief Engineer of the Southern Port Development Project Mr. Agil Hewageegana and the Deputy project Director (Tank Farm Project) Mr.P.A.R.D.Pathiraja were also present at the occasion.
(DN13092010)

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