Sri Lanka’s Hambantota International Port Group, run by China’s CMPorts said it was investing 8 million US dollars to expand parking space for its vehicle transshipment business.
The yard will be expanded by 68,000 square metres adding 5,000 slots to its existing 28,000 slots.
Nine main shipping lines are now using the port for vehicle transshipment.
As the global economy gradually improves, we expect to see a further increase of our volumes,” Tissa Wickramasinghe, Chief Operating Officer of Hambantota International Port Group said in a statement.
” In order to give confidence to its customers, HIPG will continue to make investments in areas of strategic importance to the long term development of HIP.”
The expansion is expected to be completed within the next 7 months, and will have a yard to berth distance of 55 meters.
Up to May 2023, vehicle volumes have reached 271,000.