Sri Lanka opens port to investors

Sri Lanka yesterday said it would invite outside investors into its $1.5bn (£956m) Hambantota port project, the keystone of a $6bn post-war infrastructure revitalisation drive. The invitation for external investment will coincide with the November opening of the port on Sri Lanka’s southern coast, along an ancient “Silk Road” trading route and one of the world’s biggest East-West shipping lanes. The port and its accompanying services represent the single largest investment option for foreign investors in Sri Lanka, which is aiming to transform its economy after finally ending a quarter-century separatist war in May 2009.