nsb

Nov 17, 2016

Sri Lanka will not sell H’tota Port or Airport - PM

Sri Lanka will not sell the Hambantota Port or the Airport to the Chinese or to any other country as mentioned by some newspapers, but will only lease it out to investors, Prime Minister Ranil Wickremesinghe said.

Speaking at the Business Today Top 30 awards at Colombo Hilton, the Prime Minister said they have received a bid for 1.2 billion US dollars to lease out the Hambantota.

He said that when the Good Governance government assumed office they were given a Port minus ships but with huge loans to pay back.

“Now, we have negotiated with a Chinese company to lease the port out and in addition we have received bids to build three refineries from a Chinese, Arabian and a US based company.

“In addition several investors have come forward to build two cement plants, a sugar refinery, two LMG plants and other investments.” The Prime Minister also said that there would be over 600 hectares of land from the proposed financial city in Colombo and requested the private sector to get involved.

The Premier said the private sector should not think of matching the South Asian standard but look at the Asian standard. “You must try to go global and the government would assist you in this regard.”

John Keels held the number one rank for the seventh consecutive year while Commercial Bank and Hatton National Bank was ranked number two and three respectively.

(Dailynews.lk)

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