The government has been able to woo an international hospital chain to invest in a high tech hospital at the Port City, said State Minister of International Trade, Sujeewa Senasinghe.
In an interview with Daily News Business he said that this will encourage medical tourism to Sri Lanka. “In addition there will be several other state of the art facilities and numerous international projects in the Port City.”
The State Minister said that the construction of the facility will commence next month. “Before that we hope to bring proper legislature as there have been certain misconceptions regarding ownership of the land. “It is in the government’s interest to turn the area into a separate business entity where the operation would be slightly different to the previously signed agreement,”he said. Speaking about the Hambantota development projects the minister said they have managed to accomplish new terms of these project as well. “Some of them include offering on a 99 year lease basis with China which will erase some of the country’s debt to China,” he said.
Senasinghe said that this public private partnership would be a profitable venture as it would create a number of business opportunities. The minister said China will aid the development of the airport and Harbour which is closely located to each other.
The project will focus on developing two areas: gas refinery and cement. Senasinghe said this is a very successful project where the entire economy will be promoted and the project will attract multinational companies and thus improve the country’s economy.
He said China and India has been having a certain friction between them in terms of business. Both countries has shown interest in making Sri Lanka a mediator between the two country’s to aid in future business deals.
Meanwhile commenting on the long overdue Volkswagen assembly plant, he said it will be put in to action within the next six months. It was previously mentioned that a land in Kuliyapitiya has been successfully secured to facilitate the Volkswagen assembly plant in the country. The land will be handed over to M/S Senok Automobile Private Limited. The total investment value of this project is US $ 26.5 million. Volkswagen will assemble 1,000cc to 2,000cc category of vehicles which includes passenger cars, sport utility vehicles (SUV), multi utility vehicles (MUV) or commercial vehicles. These vehicles will be powered by diesel and marketed locally in the country for three years and will move towards exports as well.
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