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Constructions of the biggest investment zone commence

ITN News Editor
By ITN News Editor March 24, 2019 18:48

Constructions of the biggest investment zone commence

Constructions of the biggest investment zone in the country commenced today in Hambantota under the patronage of Prime Minister Ranil Wickremsinghe. 4 billion dollars will be invested in this project which will generate 10,000 jobs. The prime minister said Hambantota will be made the hub of economic change in the South.The Hambantota-Mirijjawila Export Processing Zone is being built centered on two mega projects. An oil refinery and a cement factory will be built under the first phase of the project. Constructions of the oil refinery were launched under the patronage of Prime Minister Ranil Wickremasinghe. The prime minister unveiled the plaque to mark the constructions of the cement factory. The oil refinery will produce fuel needed for the export market. The cement factory will produce cement for the construction industry. Addressing the ceremony the prime minister said the environment needed by the investors has been created. The prime minister said this was the first time an oil refinery was set up after building Sapugaskanda oil refinery in 1967. He said Mattala Airport would become operational within next 3 months with the assistance of India. The prime minister pointed out that Hambantota investment Zone will change the entire economy.

ITN News Editor
By ITN News Editor March 24, 2019 18:48

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