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.
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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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