Colombo Engineering Enterprises will invest on a floating dock in Hambantota. Colombo Engineering Enterprises (CEE) Chairman Kiran Atapattu said the company will complete a floating dock in Hambantota by early next year.

The project will be funded in collaboration with CEE and a Chinese company with an investment of US$ 25 million.

He said the Chinese company has already conveyed their confirmation to build this floating dock. CEE has completed a feasibility study on the floating dock. The floating dock will be capable of handling 12,000 dead weight tonnage (DWT).

"During the post war scenario; we have observed a significant number of foreign investors have shown their interest in investing in Sri Lanka. Hence, the company expects to set up a ship repairing facility in the Hambantota as it is an essential factor for an international port," Atapattu said. The investment of the ship repairing facility is around Rs 500 million and it is fully funded by the CEE. The repairing facility will be completed within a period of one year.

He said Sri Lanka is located in the centre of the Eastern and the Western shipping route, enabling to attract many shipping lines to place more ship repair orders and that it would not be a difficult task.
(DN-18042011)