Hambantota Harbour incurred a loss Rs.678 Million in 2012
Minister Arjuna Ranatunge has said that the loss incurred by the Hambantota Harbour in 2012 was 678 million rupees. Addressing the progress review meeting of the Ministry of Ports and Shipping, the Minister said that he is not ready to maintain the Hambantota Harbour oout of funds of the Colombo Harbour.
The Minister pointed out that the Hambantota Harbour should be transformed to level of profits earning as in the case of the Colombo Port.
Noting that the Colombo Port had a profit and loss account, the Minister said it was not so with the Hambantota Harbour. The Hambantota Harbour has so far been maintained under the Colombo Port’s profit and loss account. Accordingly, the loss of the Hambantota Harbour had been covered from the profits of the Colombo Port.
The Minister said it has a dire impact on the development of the Colombo Port. He was of the belief that many corruption and malpractices of the Ports Authority would come to light from the report of the proposed Committee.
(Government News Portal)
Latest Headlines in Sri Lanka
- MP Asoka Ranwala arrested for reckless driving December 12, 2025
- ADB approves $200 Million loan to boost Sri Lanka’s Mahaweli Development Program December 12, 2025
- Sri Lankan companies donate generously to “Rebuilding Sri Lanka” fund for Cyclone Ditwah relief December 12, 2025
- Court orders re-issuance of warrants in Central Bank bond scam case December 12, 2025
- Two Police Officers arrested over Rs. 5,000 bribe demand December 12, 2025
Dear Arjuna,
You have been given that seat as Minister not to count last years losses but to show the profits for the next year.
Don’t cry over spilled milk. As Captain Courageous, I am sure you have lots of experience in moving forward and not looking back at what happened in the first ten overs.
Focus on your task, Arjuna, and lead us, the nation to victory.
When Mahinda Rajapaksa is back in the drivers seat following June elections, I am sure you will remain behind in the drive towards the wonder of asia.
Dear arjuna, pls don’t point out the past as they were loads of rubbish governance but try to get mahindas gov again to gain more rubbish in future. By the way pls don’t resign the post as if mahinds comes he would ensure to make u a another billioner in a very short time by grabbing n scrapping the remaining resources of our nation.So pls wait …