podcast by Dr. Matthew Crosston
Regional Development in Sri Lanka : Hambantota Your next investment location
HAMBANTOTA district located 240 km south east of Colombo consists of 2,622 sq. km land area representing six per cent of the country’s land mass. The district with economic growth of five per cent sustained by vibrant private sector activity has been strategic trading location between the Middle East and Far East. It was ideal strategic location for development In 2005 the new visionary plan of H.E Mahinda Rajapaksa improved infrastructure facilities of the southern district. This required development of infrastructure facilities such as ports, expressways, water supply . The Hambantota port had the potential to become a important transshipment hub in the region . The southern expressway was extended upto Hambantota. In addition a rail link was extended up to Beliatta. The new port district received a new sports and convention centre. Under the Uma Oya Project water was diverted to the district . Today Hambantota offers one of the most business friendly environments in Sri Lanka
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