Economics

Hambantota Port Sees 40% Increase in Vehicle Handling

  • October 8, 2024

The Hambantota International Port (HIP) experienced a remarkable 40% increase in the handling of roll-on/roll-off (RORO) vehicles between the second and third quarters of 2024, driven by a resurgence in global shipping activity. By the end of September, the port processed 175,583 units, up from 125,526 units in the previous quarter. This surge was attributed

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Economics

Sri Lanka Transfers Operations of Mattala Airport to Indian-Russian Consortium Despite US Sanction Concerns

  • July 4, 2024

Sri Lanka will transfer the operations of its Chinese-built Mattala Rajapaksa International Airport to a consortium of Indian and Russian firms, despite warnings from the United States about sanctions on a key stakeholder of the Russian company involved, according to the island’s Aviation Minister. A joint venture between India’s Shaurya Aeronautics Pvt Ltd and Russia’s

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