The Ceylon Petroleum Corporation (CPC) has signed a Memorandum of Understanding with the Hambantota International Port Group (HIPG), last week to develop Hambantota Port as a strategic energy center in Sri Lanka, the port’s official press release said.
Hambantota International Port Group is a Public Private Partnership and a Strategic Development Project between the Government of Sri Lanka and China Merchants Port Holdings (CMPort).
A separate storage terminal with associated facilities for both domestic and export purposes connected to the Port via a pipeline is to be established by CPC, about 15 Kilometers away from the Port.
“The vision of HIPG is to develop the Hambantota International Port to become an energy hub for South Asia. The Hambantota Port is encouraged by this move by the CPC and as much as it will support the smooth and efficient supply of fuel to the customer it will also strengthen the position of this Sri Lankan port on the global maritime map,” says Johnson Liu, CEO of HIPG.
A separate storage terminal with associated facilities for both domestic and export purposes connected to the Port via a pipeline is to be established by CPC, about 15 Kilometers away from the Port.
The Sri Lankan Parliament recently approved the Colombo Port City Economic Commission Bill, which allows China to build the port city on land reclaimed from the sea.
The growing influence of China and its strategic projects with Sri Lanka have once again questioned India’s national security.
