Latest Headlines

« »

Trincomalee will be repositioned as the Eastern Economic hub: Prime Minister Ranil Wickremasinghe


Prime Minister Ranil Wickremasinghe has stated that Trincomalee would be repositioned as the Eastern Economic hub by increasing regional connectivity through the development of the Colombo -Trincomalee economic corridor and the establishment of an international airport in Hingurakgoda.

He was addressing the event held to unveil the Master Plan of Development. During his address, he said: "When you look back at Sri Lanka's history, we were a hub in the Indian Ocean, where there were several ports. When Sri Lanka was a major hub in the Indian Ocean in ancient times, there were several ports in the West and East of the country. The initiatives to develop Trincomallee in the next 10 to 15 years are in this plan.

By 2050, the Bay of Bengal region will have a population of three billion people. Countries in the Bay of Bengal region will fast develop within the next 20 years. By 2050 the population in this region is expected to reach 3 billion. Therefore, we have to consider Trincomalee as the Eastern Gateway. Accordingly, Trincomalee would be an export hub by creating a clean industrial ecosystem, which can add value to the already abundant agriculture, aquaculture, minerals and resources in its hinterland.

The vision to develop Sri Lanka into a commercial and tourism hub in the Indian Ocean would be completed with the inclusion of this Master Plan. Today, we have focused on Colombo and Hambantota. Colombo is important with the development of the West, East Africa, Western India and the development of Iran, while ships which pass through the Suez Canal to countries such as Singapore go past Hambantota, making the Southern Port also important.

The region will also be an Eastern Logistics centre through the economic opportunities gained as a result of the many Free Trade Agreements that Sri Lanka has entered into with South and South East Asian nations, as well from maritime traffic in the Bay of Bengal and the Indian Ocean."



© 2018 OMLANKA. All Rights Reserved.

Please publish modules in offcanvas position.