Sri Lanka plans 6,000 acre investment zone in Monaragala: PM

ECONOMYNEXT – Sri Lanka is planning a 6,000-acre industrial zone in Monaragala as well as a total of 6,000 acres of industrial areas in Hambantota, Prime Minister Ranil Wickremesinghe has said.

"The industrial zone in Hambantota will transform the entire country," Wickremesinghe said after laying the foundation stone for a cement factory and a refinery in an industrial zone in Mirijjawela, a few kilometers off Hambantota port.

"The 12,000 acre investment zone built around Hambantota and Moneragala will also have tourist areas. Six golf courses are planned."

Monaragala is the district next to Hambantota. He said the port was now operating with China Merchant Ports.

Wickremesinghe said a liquid natural gas power station with Chinese investment had also been approved for construction in Hambantota.

When Sri Lanka started an investment zone in Sapugaskande hear Colombo, a refinery and power station were also located nearby which helped with basic infrastructure.

The large projects in the Mirijjawela industrial  will be catalyst for other industries, and will make Hambanota port and active one he said.

"When we said we will revive Hambantota port, which was a dead one, people laughed at us," he said.

"There were cricket stadiums without cricket matches and conference centres without conferences and other white elephants. When wild elephants were roaming Yala reserve, white elephants were in Hambantota.

The refinery is promoted by Accord Group of India through a Singapore-registered investment vehicle. The firm is expecting to purchase feedstock from Oman and is in talks for investment, the Board of Investment has said.





Oman’s Oil and Gas Minister Mohammed bin Hamad Al Ruhmy was also present at the ceremony, a statement from the Prime Minister’s office said. (Colombo/Mar25/2019-SB)

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