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Economy stablished, Govt. to go on: PM

22 January 2018 08:59 am - 13     - {{hitsCtrl.values.hits}}

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The Government had given the green light for the Joint Venture formed by the Sri Lanka Ports Authority (SLPA) and China Merchants Group to start up several projects in Hambantota, Prime Minister Ranil Wickremesinghe said yesterday.

The Prime Minister said this during an election rally in Nikaweratiya last morning.

"The new company, formed by the SLPA and China Merchants Group, wants to set up an oil refinery, a dockyard, a steel factory. We have told the company to go-ahead,” the Prime Minister said.

“We did this as we saw no reason to stop them."

He said US Dollars 600 million would be invested in these projects.

The Premier recalled that a Private-Public company had to be formed to run the Hambantota Port in order to find ways and means to settle the loans obtained for the construction of the Hambantota Port.

The Prime Minister said the total debt for the Port was USD 1, 200 million.

In addition, Mr. Wickremesinghe said the Government would receive USD 1.10 billion from China Merchant as well shortly.

Focusing on new plans put in place for the North Western Province, the Prime Minister said that a Wildlife Park would be constructed in Galgamuwa.

This he said would attract tourists.

"A new road will be constructed from Iranawila to Nikaweratiya,” he said.

He said funds would be allocated for desalting the tanks in the North-Western Province.

In addition, he said drip irrigation systems would also be introduced.

“We have managed to stabilise the economy and are taking it forward painstakingly. It will go on without crashing and so will the Government.

“This Parliament will serve its full term," the Prime Minister said referring to the political situation.

Several MPs who spoke at the rally, which included Akila Viraj Kariyawasam, Nalin Bandara Jayamaha, and Hector Appuhamy, said Prime Minister Ranil Wickremesinghe would contest the next Presidential election.

They said the UNP would strive to form a Government on its own in 2020.(Yohan Perera)

  Comments - 13

  • Royce Monday, 22 January 2018 10:06 AM

    Paw, its time PM time to go home and rest.

    Missed out Monday, 22 January 2018 10:07 AM

    Sir, you have missed the "Volkswagen Manufacturing Plant" in your "election rally".

    BuffaloaCitizen Monday, 22 January 2018 10:18 AM

    Since the bond scam and the volkwagon issue, what you say needs to be taken with a pinch of salt.

    cheers Monday, 22 January 2018 10:34 AM

    This man is talking bull. You can never cover or hide the fact you sending SL to all time low

    Premalal Monday, 22 January 2018 10:52 AM

    Probably the most overrated economic strategist in the world.

    AshyD Monday, 22 January 2018 12:53 PM

    WE ARE UNPers, BUT WE WANT RANIL TO GO!HIS CONDUCT DURING THE BOND SCAM HAS BEEN SHAMEFUL.No way we will vote for him.

    Sincere Monday, 22 January 2018 01:31 PM

    For whom is the million dollar question!

    mr bean Monday, 22 January 2018 02:40 PM

    Sorry for this guy.. its right time him to go to old folks' home.. Otherwise as MS said "narakadiaya" is waiting ..

    ANTON Monday, 22 January 2018 03:16 PM

    YES BOSS........ FIRST INVITE BIG BOSS TO WATCH PADMAVAT.........

    OBSEVER Monday, 22 January 2018 04:07 PM

    YES,ECONOMY OF POLITICIANS HAS BEEN ESTABLISHED.

    Citizen Monday, 22 January 2018 06:18 PM

    Please go home

    Dhammika Monday, 22 January 2018 07:16 PM

    If RW reads the above comments only his Royal pals will vote for the UNP . RW is the worst leader of the UNP . At least go HOME now and RETIRE gracefully from politics.

    Eds Monday, 22 January 2018 09:21 PM

    Economy stabilized? Who's, the Sirikotha's economy or the country's economy?


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