Hambantota International Port Invests USD 108 Million in New Cranes

Hambantota International Port Group (HIPG) has signed an agreement to invest USD 108 million in new container handling equipment, significantly expanding capacity and strengthening Sri Lanka’s position as a growing logistics hub in the Indian Ocean.

The investment includes new quay cranes, rubber-tyred gantry cranes (RTGs), and trailers, enabling the port to handle the world’s largest container vessels while improving efficiency and moving towards more sustainable, electrified operations.

Once operational, the expansion is expected to increase capacity to approximately 2 million TEUs, allowing the port to serve multiple large vessels simultaneously and meet rising global demand.

The investment reflects HIPG’s continued commitment to building a future-ready port and supporting Sri Lanka’s role in global trade.

Source: Adaderana