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$5bn into Hambantota Port, new race track by 2014

Amid strong calls for reconciliation and rehabilitation in the North, the Sri Lankan government, who are currently accused of war crimes and human rights abuses, are looking to raise $5 billion dollars, to invest into Hambantota, President Rajapaksa’s home constituency, and in the southern capital city, Colombo.

See here.

A recent report on a $5 billion investment raising initiative exhibited Sri Lanka’s continuous investment drive to help develop its southern ports facilities.

Speaking about plans for Colombo and Hambontota, in a recent interview with a UK newspaper, Sri Lanka Ports Authority Chairman, Priyath Bandu Wickrama, said,

"We’ll have a golf course and a formula one race track which will be completed by the end of 2014. We’ll have a lot of hotels, shopping malls and various other investment opportunities in that small piece of land,” 

Incidentally, Chinese firms have pledged to invest approximately $50 billion, spread over the next 15 years, in the southern ports.

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