CHEC to build Dockyard in Hambantota

[Godman]

@Shotgunner51 @Azizam @Gibbs @NGV-H

The government in a bid to make the Hambantota Port a viable commercial venture, has decided to develop dockyard facilities at the port at an estimated cost of Rs. 2 billion.

A Chinese Company has responded positively to Ports and Shipping Minister Arjuna Ranatunga’s call for expression of interests from potential investors to build dockyard facilities at the Hambantota Port, a ministry source said today.

The minister told Daily Mirror discussions were likely to be held with the Chinese company to work out the terms and conditions for investing in the Hambantota Port Project to make it a profit-making venture with employment opportunities for several thousands.

“The expression of interest for investment in the Hambantota Port Project has been forwarded to Prime Minister Ranil Wickremesinghe by China Harbour Engineering Company Ltd. (CHEC). The expression of interest has been referred to the Sub Committee on Economic Affairs and it has instructed that a total package be formulated for this investment,” he said.

The minister has also conducted a several rounds of talks with SLPA officials and CHEC representatives to discuss the CHEC potential and interest to develop, manage and operate a dockyard for ship building and repair at the Hambantota Port.

Meanwhile, Daily Mirror learns that the CHEC has requested the issuance of a letter indicating the Government's interest in granting them an exclusivity period of 12 months to prepare a detailed plan and a feasibility study and sign an MoU between the GOSL and the CHEC.

The minister is reported to have instructed Ministry Secretary L.P. Jayampathy to issue a letter to CHEC expressing the government’s willingness to proceed with the project based on Government regulations and procedures.

The first phase of the Hambantota Port was launched on November 18, 2010 with the ceremonial berthing of the naval vessel "Jetliner". The total estimated cost of Phase 1 was US$361 million (approximately Rs.47 billion) out of which 85% was funded by the Exim Bank of China.

- See more at: A dockyard at Hambantota Port ::: Dailymirror.lk ::: Breaking News

 

[Shotgunner51]

@Shotgunner51 @Azizam @Gibbs @NGV-H

The government in a bid to make the Hambantota Port a viable commercial venture, has decided to develop dockyard facilities at the port at an estimated cost of Rs. 2 billion.

A Chinese Company has responded positively to Ports and Shipping Minister Arjuna Ranatunga’s call for expression of interests from potential investors to build dockyard facilities at the Hambantota Port, a ministry source said today.

The minister told Daily Mirror discussions were likely to be held with the Chinese company to work out the terms and conditions for investing in the Hambantota Port Project to make it a profit-making venture with employment opportunities for several thousands.

“The expression of interest for investment in the Hambantota Port Project has been forwarded to Prime Minister Ranil Wickremesinghe by China Harbour Engineering Company Ltd. (CHEC). The expression of interest has been referred to the Sub Committee on Economic Affairs and it has instructed that a total package be formulated for this investment,” he said.

The minister has also conducted a several rounds of talks with SLPA officials and CHEC representatives to discuss the CHEC potential and interest to develop, manage and operate a dockyard for ship building and repair at the Hambantota Port.

Meanwhile, Daily Mirror learns that the CHEC has requested the issuance of a letter indicating the Government's interest in granting them an exclusivity period of 12 months to prepare a detailed plan and a feasibility study and sign an MoU between the GOSL and the CHEC.

The minister is reported to have instructed Ministry Secretary L.P. Jayampathy to issue a letter to CHEC expressing the government’s willingness to proceed with the project based on Government regulations and procedures.

The first phase of the Hambantota Port was launched on November 18, 2010 with the ceremonial berthing of the naval vessel "Jetliner". The total estimated cost of Phase 1 was US$361 million (approximately Rs.47 billion) out of which 85% was funded by the Exim Bank of China.

- See more at: A dockyard at Hambantota Port ::: Dailymirror.lk ::: Breaking News

Good news, SL government is very aggressive in infra development especially in those related to securing SL's leading position as IOR shipping hub!

Let's see how the feasibility study turns out to be, good luck bros!

 

[Godman]

I hope this goes well too, Sri Lanka needs a bigger shipyard our existing one in Colombo is small. A bigger dockyard will greatly improve Sri Lanka's shipbuilding and ship repair capabilities

 

[samv]

There has to be an open and free competitive bidding process remember... yahapalanaya.

 

[kawaraj]

If I were your leader I would use national budget to construct one of the largest ports in the world and allocate a huge neighboring area for industrial assembly/manufacture and storage. And I would hire Singaporeans for management or operate a JV with the Chinese builder. A decade Sri Lanka would sneak into the high income world.

Still wish the best for your nation. It's the courage that make things success. Your gov is not brave enough for a quick reach yet.

 

[samv]

@Shotgunner51

This is Ravi Karunanayake, Sri Lanka's Minister of Finance:

Ravi Karunanayake's racism towards the Chinese is on display to the public. Sri Lanka's prime minister Ranil Wickremasinghe and his acolytes are spending their days in power denigrating China and ingratiating themselves to the west and India. Neither India or the USA stood by Sri Lanka as the LTTE was being defeated. The west tried to end the final push against Prabhakaran and India refused to help Sri Lanka militarily. It was only China that stood by Sri Lanka steadfastly providing us with political, economic and military support. Even after the war it is China that has stood by Sri Lanka like a rock. Now Ranil and co are trying to destroy Sino-Lankan relations through their hostile speech and actions.

 

[Azizam]

@Shotgunner51 if you want to see what samv posts in advance, go to a Facebook page called "Jool". He is here to ruin every single Sri Lankan-related thread for his political bullshit. This is the reality of ultra backward third world and this is why I say, developing these countries and to civilise people will take light years.

 

[Shotgunner51]

@Azizam @samv
I only know roughly about SL domestic politics, can't comment due to limited knowledge and respect for your sovereignty.
I hope the best for the nation of SL!

 

[samv]

@Azizam @samv
I only know roughly about SL domestic politics, can't comment due to limited knowledge and respect for your sovereignty.
I hope the best for the nation of SL!

Thank you for your kind wishes. The current Sri Lankan government is openly anti-China. Chinese companies are doing a great job of opening their eyes to benefits of trade and engagement with China.

Sri Lanka's now prime minister and his cronies were openly degrading China in public during the elections. When they came to power they put many Chinese investment projects on hold.

Sri Lanka's largest investment by a foreign country - the multibillion dollar Colombo Port City project by China was unilaterally put on hold by the prime minister. Now he is begging for foreign investment....

 

[black-hawk_101]

Does Sri Lanka has any ship building facility yet?

 

[Godman]

Does Sri Lanka has any ship building facility yet?

Yes one in Colombo but its small, we need a bigger more modern dockyard

 

[Gibbs]

Yes one in Colombo but its small, we need a bigger more modern dockyard

Nice..

 

[black-hawk_101]

Yes one in Colombo but its small, we need a bigger more modern dockyard

Sri Lanka has money. They can do JV with any EU country or built with their own money as well.

 

[Shotgunner51]

Sri Lanka has money. They can do JV with any EU country or built with their own money as well.

Which EU country or company you are suggesting?

China builds far more ships than EU combined. These data are for 2012:

The only country close is South Korea. If you wonder why Philippines came 4th in the world? Check HHIC Phil (Hanjin Heavy Industries Corporation Philippines; 韩进重工) which was established in February 2006, in Redondo Peninsula - on the northern edge of Subic Bay (the USN 7th fleet was once based here), with two largest drydocks in the world.

If you want latest figures, check these for 2014:
• Largest shipbuilding nations based on gross tonnage 2014 | Ranking

If you want to select a company as JV partner, check these top 10 largest shipbuilders for your choice:

1. Hyundai Heavy Industry – Ulsan, South Korea
2. Daewoo Shipbuilding – Okpo, South Korea
3. Samsung Heavy Industry – Geoje, South Korea
4. Hyundai Samho – Samho, South Korea
5. Mitsubishi Heavy Industry – Nagasaki, Japan
6. Tsuneishi shipbuilding – Numakuma, Japan
7. Oshima Shipbuilding – Oshima, Japan
8. Hyundai Mipo – Ulsan, South Korea
9. Imabari Shipbuilding – Marugame, Japan
10. Shanghai Waigaoqiao – Shanghai, China

@Gibbs @Azizam