Sri Lanka: The proposal to develop an industrial harbour in Trincomalee is a long-standing plan to monetise land that belongs to the Sri Lanka Port Authority, by getting foreign and local investment for a special economic zone, an industrial park, or an energy hub
Sri Lanka’s announcement that it plans to develop Trincomalee as an “industrial harbour” and will soon float tenders for this could see the economically beleaguered nation put up a couple of thousand hectares of land on lease to set up industries in a special economic zone and the associated development of the strategically located port, stirring up geopolitical interest in that part of the Indian Ocean.
Trincomalee harbour is the second best natural harbour in the world and the available water and land area is about 10 times as much as the Port of Colombo. Trincomalee was tentatively identified to cater for bulk and break bulk cargo and port related industrial activities including heavy industries, tourism and agriculture etc. At present SLPA is in the process to re-develop Trincomalee as a metropolis growth centre. SLPA has completed zoning plan to utilize the huge amount of existing unutilized land under its judurisition on the out come of the analysis with the other sectors of the development, such as UDA, BOI, and Tourist Board etc. SLPA plans to advertise internationally and locally to call for proposals from potential investors. Evaluated RFP have been submitted for approval.
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