President Ranil Wickremesinghe has highlighted plans to link Hambantota to the Myanmar port, with further extensions anticipated up to Chongqing in eastern China and down to Africa.
According to the President’s Media Division (PMD), the President expressed these views during a recent discussion convened at the Presidential Secretariat.
During the discussion, the President articulated his vision for economic development and infrastructure investment, particularly focusing on the master plans for strategic tourism zones in the Eastern Province, Colombo City, the Western Region and Greater Hambantota.
President Wickremesinghe 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 also stressed the importance of leveraging the extensive investments already made in infrastructure in Hambantota, despite previous challenges.
“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, expressing 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.
The PMD added that 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. (NewsWire)
