Sri Lanka set to construct int’l airport in East?

Published : 9:01 am  November 6, 2017 | No comments so far |  | 

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By Yohan Perera in Hambantota 

Sri Lanka would consider constructing a third major airport in the East in addition to the ones presently functional in Mattala and Katunayake, Prime Minister Ranil Wickremesinghe said at a function held in Hambantota during the weekend.  


Sri Lanka set

“Our objective is to make Sri Lanka an economic hub in the Indian Ocean. We possess three sea ports and two international airports at present. We are looking into the possibility of constructing one in the East as well,” Mr .Wickremesinghe said.   


“The Hambantota industrial zone is important for the development of trade in the Indian Ocean region. We have the financial city in Colombo and there will be logistics centre located here in the South. These developments will be essential for China’s one belt, one road programme, which is a trade arrangement, he said. However, Mr Wickremesinghe highlighted the fact that Sri Lanka could also sign other trade agreements that are beneficial to it. He was of the opinion that there should be competitive trade arrangements in place giving all players an equal chance.   


“A number of other countries want to come and invest in the Ruhuna industrial zone and is designed to provide employment to the youth in the areas off Moneragala, Matara, Hambantota and Embilipitiya,” he said.   
The Prime Minister said this particular project was sure to be as big and as successful as the Mahaweli development programme launched all those years ago.  


PM Wickremesinghe also said the joint venture between the Sri Lanka Ports Authority and China Merchant Company with regards to the Hambantota Port would begin next month. He said China Merchant Company would invest US$ 600 million on the development of the Hambantota Port. He revealed that there will be a dockyard, a cement factory, a steel factory,  LNG plant and a refinery in Hambantota in the first phase of development in the area’ Prime Minister revealed, adding that Sri Lanka will be able to settle some of its debts with the funds it is slated to receive as the lease payment for the Hambantota (Magampura) Port.  


Chinese Ambassador in Sri Lanka Yi Xianliang said the industrial zone set up in Ruhuna is a milestone for Sri Lanka. He said several industries will be start manufacturing activities assembled in the Zone before long. Mr Xianliang said officials of several foreign embassies have heldd discussions with him with regard to investing in the Hambantota Zone. “ I will direct these parties to this office which was opened today,” he said.   

n the Indian Ocean. We possess three sea ports and two international airports at present. We are looking into the possibility of constructing one in the East as well,” Mr .Wickremesinghe said.   


“The Hambantota industrial zone is important for the development of trade in the Indian Ocean region. We have the financial city in Colombo and there will be logistics centre located here in the South. These developments will be essential for China’s one belt, one road programme, which is a trade arrangement, he said. However, Mr Wickremesinghe highlighted the fact that Sri Lanka could also sign other trade agreements that are beneficial to it. He was of the opinion that there should be competitive trade arrangements in place giving all players an equal chance.   


“A number of other countries want to come and invest in the Ruhuna industrial zone and is designed to provide employment to the youth in the areas off Moneragala, Matara, Hambantota and Embilipitiya,” he said.   
The Prime Minister said this particular project was sure to be as big and as successful as the Mahaweli development programme launched all those years ago.  


PM Wickremesinghe also said the joint venture between the Sri Lanka Ports Authority and China Merchant Company with regards to the Hambantota Port would begin next month. He said China Merchant Company would invest US$ 600 million on the development of the Hambantota Port. He revealed that there will be a dockyard, a cement factory, a steel factory,  LNG plant and a refinery in Hambantota in the first phase of development in the area’ Prime Minister revealed, adding that Sri Lanka will be able to settle some of its debts with the funds it is slated to receive as the lease payment for the Hambantota (Magampura) Port.  


Chinese Ambassador in Sri Lanka Yi Xianliang said the industrial zone set up in Ruhuna is a milestone for Sri Lanka. He said several industries will be start manufacturing activities assembled in the Zone before long. Mr Xianliang said officials of several foreign embassies have heldd discussions with him with regard to investing in the Hambantota Zone. “ I will direct these parties to this office which was opened today,” he said.  

 

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