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Understanding the role of Foreign Direct Investment in port development | Hellenic Shipping News Worldwide

Understanding the role of Foreign Direct Investment in port development
Private sector investment and involvement in developing ports emerged as a significant requirement in the 1980s. By this time, many ports had become bottlenecks to the efficient distribution chains of which they are an essential component. Government investments into port development was categorized as ‘White Elephant Syndrome’ due to the following three main problems, illustrated by port congestion and consequent chronic service failures, contributed to the gradual deterioration of service quality during this period.
The first reason for a lack of port service quality was the inability or unwillingness of many governments to invest in expensive port infrastructure or the ‘misinvestment’ in infrastructure (providing facilities that were badly matched with the needs of foreign trade and shipping). During this period, a number of beautifully constructed port complexes became ‘white elephants’ ....

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Understanding the role of Foreign Direct Investment in port development

Colombo, February 15: Private sector investment and involvement in developing ports emerged as a significant requirement in the 1980s. By this time, many ports had become bottlenecks to the efficient distribution chains of which they are an essential component. Government investments into port development was categorized as White Elephant Syndrome due to the following three main problems, illustrated by port congestion and consequent chronic service failures, contributed to the gradual deterioration of service quality during this period.
The first reason for a lack of port service quality was the inability or unwillingness of many governments to invest in expensive port infrastructure or the misinvestment in infrastructure (providing facilities that were badly matched with the needs of foreign trade and shipping). During this period, a number of beautifully constructed port complexes became white elephants ....

United Arab Emirates , Hong Kong , Sri Lanka , Gioia Tauro , Rohan Masakorala , Terminal Investment Limited , World Bank , Shipper Academy Colombo , Public Service Port , Cma Cgm , Drewry Maritime Research , Sri Lanka Ports Authority , Sri Lanka Port Authority , Service Ports , Newsin Asia Pathfinder Foundation , Service Port , Pathfinder Foundation Brief , White Elephant Syndrome , Port Terminal Ownership , Landlord Port , Private Service Port , Jaya Container Terminal , Private Service , Colombo Port , South Asian , Contribution Towards Port ,

"Private, foreign participation must for port development"

news
“Private, foreign participation must for port development”
Daily News (via HT Media Ltd.)
Hambantota Port will pose the biggest competition to the Colombo Port and Sri Lanka will have to involve private and foreign terminal operators for Port related development State Minister of Urban Development, Coast Conservation, Waste Disposal and Community Cleanliness, Dr. Nalaka Godahewa said.
He was speaking at an Advocata hosted panel discussion on: “The Future of Ports Development in Sri Lanka ‘’ at BMICH last Friday.
He said that the earlier Rajapaksa government had two master plans when they planned Hambantota Port, where Colombo was to focus as a trading Port (transshipment and containerized cargo) and Hambantota for export and re-export as an industrial city. “But now Hambantota Port will be doing both these areas and they are planning for containerization in a few years.” ....

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Improving rural economy

Prof. N.A. De S Amaratunga in his piece “Is government in self-destructive mode? in
The Island of 22 Jan. said more than 60% of people who voted for this government were poor rural people and he has emphasized the need to focus on these people. The livelihood of nearly 70% of those living in rural areas is farming. As per the policy manifesto of President Gotabaya Rajapaksa, ‘Vistas of Prosperity and Splendour’ (
‘Rata Hadana Saubhagyaye Dekma’), one of the main objectives of the government is creating a people-centered economy through rural development. The Finance Minister in his budget speech presented recently, too, emphasized the importance of improving the Rural Economy. Thus, the government has emphasized the need to improve the rural economy. ....

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Jaishankar means Victory of Lord Shiva! – Part II

Jaishankar means Victory of Lord Shiva! – Part II
island.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from island.lk Daily Mail and Mail on Sunday newspapers.

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