Friday, 26 March 2021 11:35

Russian billionaire to develop fertiliser distribution via Hambantota Port. Featured

Russian billionaire Andrey Igorevich Melnichenko, who met PM Mahinda Rajapaksa, visited the Hambantota International Port (HIP) during his visit to Sri Lanka last week. During discussions with the port’s top officials,

he had shown keen interest in the potential to develop regional distribution of fertiliser via the Hambantota International Port.

The Russian business tycoon,whose net worth is US 17.9 billion dollars,owns companies which specialise in coal,fertiliser,logistics, and electricity.his companies have employed over 100,000 people and have invested some 21 billion US dollars into fertiliser and coal production over the past 15 years
“This is well in line with the port’s plans as the Hambantota International Port Group (HIPG) was already investigating possibilities in this regard,” said Lance Zuo, General Manager Commercial and Marketing of HIPG.

HIPG who has entered into a business venture partnership with a reputed fertiliser bagging operator, is now gearing up to launch fertiliser transshipment operations, which is another step closer to the port’s vision of becoming a regional transshipment hub for fertiliser and bulk business.

Special Russian business delegation will be visiting Sri Lanka to explore investment opportunity and establish contacts with local counterparts on the directions of visiting Russian billionaire Andrey Igorevich Melnichenko.

This was goodwill gesture for the island nation made by Russian Business tycoon in response to a request of Prime Minister Mahinda Rajapaksa during their close door meeting in Colombo on Wednesday 17.

Prime Minister Mahinda Rajapaksa who held discussions yesterday with Russian billionaire Andrey Igorevich Melnichenko,presently in Sri Lanka, has requested the Russian tycoon to consider investments here especially in the Colombo Port City and the Hambantota Port.

In closed door discussions which took place yesterday, which was also attended by Minister Ajith Nivard Cabraal, Prime Minister Rajapaksa requested Melnichenko to consider Sri Lanka for possible investments to which the Russian tycoon said he would send a team to Sri Lanka soon to study the possibility.
Melnichenko arrived in Sri Lanka two weeks ago,and his purpose of visit was purely for tourism and not for investment possibilities.

He arrived in the country with his wife and two children,on a private jet and has toured many tourist locations in the country including Adams Peak.


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