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Puttalam Investment Promotion Zone taking shape

PROJECTS: The construction of the Puttalam Investment Promotion Zone would commence before end of this year said the Minister of Investment Promotion Naween Dissnayake. Minister who toured Puttlam last Wednesday said that a 350-acre land has being identified for the project.

The Minister also met the families who were living in this identified area and discussed as to how they should be relocated and how compensation would be paid for them.

"The resident were happy in the manner in which we approach them and they are happy to be relocated and there were no objections," the Minister said. Dissnayake said that the new BoI zone would attract over 20 investors initially and these projects are expected to generate over 10, 000 employment opportunities.

He said that in addition to inspecting the land and approving the site they also met officials from the


A road across a lagoon is being built in Putalam district. Infrastructure facilities have become a “must” to this district.

 Electricity Board and discussed with the Puttlam Government agent, H. M. Herath as to how to get water to the proposed zone. The officials concerned have promised to provide water and electricity not only to the proposed zone but also to the area where the families would be relocated.

"This was one of the main reasons for the government to select Puttlam for this Free Trade Zone. The investments and employment that would bring in to the area as a result of the BoI would help uplift the life styles of the under privileged people in the area," he said.

The Government is expected invest around Rs. 200 for each for these three zones to provide infrastructure facilities to the investors. These would include, providing electricity, water, telecom, sewerage, road and rail networks.

Minister said that President Mahinda Rajapaksa is keen that economic benefits should be spread equally to the underprivileged districts such as Hambantota, Puttalam, Matara and Trincomalee to close the gap between the districts which enjoy high GDP rates.

The economic zone should bring in investments to these areas, which would help to generate employment for the under privileged people living in these areas.

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