Investments in Colombo creates social, economic impact in many sectors

(LANKAPUVATH | COLOMBO) – Investment projects in the coastal city of Colombo, Sri Lanka have created enormous social and economic impact in many sectors, an Advisor to the Prime Minister said.

“The main impact I see is that and it will benefit Sri Lanka to some extent, but it matters on what grounds that Port City has been given. Or the Port City’s plusses and minuses we have to have the environmental impact, of course, there is an environmental impact, not only environmental impact, there is social impact, there is regional impact, and there is geographical impact, because Sri Lanka is at centre point geographically, and everybody needs Sri Lanka,” an Advisor to the Enterprise Development Advisory Council to Prime Minister Mahinda Rajapaksa, Dr. Shiraz Yoonus said in an interview with A24 News Agency.

“You can see the world Super-Power United States of America it has an interest in Sri Lanka, and Regional Power India has interests in Sri Lanka, of course, they have got a lot of things behind it,” he said, “Look at China, as a through the China Pakistan Economic Corridor (CPEC) and there is another strategy coming through Sri Lanka, and every country has its interests in Sri Lanka, but we have to see does it benefits to Sri Lanka?

“I come to one point here, which is very important – that Pakistan has given their Gwadar Port only for 43-years, 3 to 4-years for construction and 40-years for implementation, and 40,000 employment opportunities are supposed to be created and mostly they are going to go to Pakistani national, which is a very good thing, and when it comes to Sri Lanka, we need about 80,000 employment opportunities and we are told that 70,000 to 85,000 job opportunities to be created,” Dr. Shiraz Yoonus added.

Source: A24 News Agency

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