The Hambantota International Port Group (HIPG) has signed an agreement to invest USD 108 million in new container handling equipment, expanding its capacity and strengthening Sri Lanka’s position as a growing logistics hub in the Indian Ocean.
According to HIPG, the investment includes new quay cranes, RTGs and trailers, enabling it to handle the world’s largest container vessels while improving efficiency and moving towards more sustainable, electrified operations.
Once operational, this expansion will increase HIPG’s capacity to approximately 2 million TEUs, allowing it to serve multiple large vessels simultaneously and meet rising global demand.
“This milestone reflects our continued commitment to building a future-ready port and supporting Sri Lanka’s role in global trade,” HIPG added in a statement. (Newswire)