President highlights plans to link Hambantota to Myanmar port

President highlights plans to link Hambantota to Myanmar port

February 26, 2024   10:00 am

In a recent discussion convened at the Presidential Secretariat, President Ranil Wickremesinghe articulated his vision for economic development and infrastructure investment, particularly focusing on the master plans for strategic tourism zones in the Eastern Province, the Colombo City & the Western Region and Greater Hambantota.

The President emphasized the economic potential of Hambantota, envisioning it as a pivotal hub for infrastructure development and connectivity. He highlighted plans to link Hambantota to the Myanmar port, with further extensions anticipated up to Chongqing in eastern China and down to Africa.

President Wickremesinghe stressed the importance of leveraging the extensive investments already made in infrastructure in Hambantota, despite previous challenges, the President’s Media Division (PMD) reported.

“We have spent a significant amount on infrastructure here, and despite facing crises, it is imperative to capitalize on these investments,” remarked President Wickremesinghe. He disclosed plans for allocating thousands of acres of land for investment zones, with additional acquisitions sought in the Moneragala area.

Moreover, the President advocated for strategic expansion into new areas, including Avissawella and Eheliyagoda, to alleviate urban congestion and foster new city centres. Plans for a North Colombo port expansion and potential industrial and IT parks were also discussed, aiming to attract investments and spur economic growth.

“We must concentrate our efforts and funds on key infrastructure, particularly in Hambantota and Colombo,” President Wickremesinghe stated. He expressed confidence in attracting investors for heritage cities like Colombo once land availability is ensured. However, he acknowledged the need for continued investment in Hambantota to propel its development, highlighting it as the next significant hub after Colombo.

The development of Trincomalee as a major investment zone, in collaboration with India, emerged as a priority during the discussion. President Wickremesinghe announced plans for a joint working group to implement development initiatives in Trincomalee, emphasizing the importance of bilateral cooperation in driving economic growth and regional stability.

President Wickremesinghe’s remarks underscored a strategic shift towards targeted infrastructure development, emphasizing the pivotal roles of Hambantota and the Eastern Province in economic growth and positioning it as a key player alongside Colombo in Sri Lanka’s development trajectory.

Eastern Province Governor Senthil Thondaman, Secretary to the President Saman Ekanayake, Secretary to the Prime Minister Anura Dissanayake, Finance Ministry Secretary Mahinda Siriwardena, ministerial secretaries, and Senior Advisor to the President on Economic Affairs Dr. R.H.S. Samaratunga participated in the discussion.

--PMD

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

Army personnel acquitted over 2013 Rathupaswala shooting as HC delivers verdict

Army personnel acquitted over 2013 Rathupaswala shooting as HC delivers verdict

Six including 2 police officers arrested for staging fake raid to rob businessman

MJP leader Dilith Jayaweera on how the ''Api Wenuwen Api'' campaign was envisioned

Advisories issued for heavy rain, strong winds and rough seas (English)

Four army personnel acquitted over 2013 Rathupaswala shooting (English)

Army personnel acquitted over 2013 Rathupaswala shooting as HC delivers verdict

LIVE🔴Ada Derana Prime Time News Bulletin 6.55 pm

Advisories issued for heavy rain, strong winds and rough seas; spill gates of several reservoirs opened