Hambantota to be major investment zone says PM

Hambantota will be a major investment zone, Prime Minister Ranil Wickremesinghe said today while attending a ceremony to lay the foundation stone for an oil refinery and a cement factory at the Mirijjawila Export Processing Zone.

The Prime Minister said that several “white elephant” projects in Hambantota, including the Hambantota port, have been converted into profit making ventures.

He said that within the next three months the loss making Mattala Airport in Hambantota will also be converted into a profit making venture through a deal between India and Sri Lanka.

The Minister of Oil and Gas in the Sultanate of Oman Dr Mohammed bin Hamad Al Rumhi was the chief guest at the event in Hambantota today while the Chinese Ambassador to Sri Lanka, Cheng Xueyuan, also attended the event.

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