Sri Lanka’s Galle Harbour to be converted in to a revenue generator
Sri Lanka’s Galle Harbour to be converted in to a revenue generator

Sri Lanka’s Galle Harbour to be converted in to a revenue generator

Sri Lankan authorities are looking at developing and converting the Galle Harbour, which is in the heart of the country’s Southern Province, in to a major revenue generator for the country, according to Sri Lanka’s Co-Cabinet Spokesperson, Minister Dr. Ramesh Pathirana.
The Minister has told the state owned Daily News that plans are underway to convert the Galle Harbour to a tourist harbour anticipating future development of tourism and a Yacht Marina will be built with foreign collaboration for which ROP will be called. “We have already allocated the Police barracks area for this development,” he has been quoted as saying.
These plans were spelt out 15 years ago but they never happened and this time these proposals will take off and would be a reality, the news report has stated.
The Minister has said that the Southern highway has brought tremendous economic benefits to Galle and the proposed harbour development will be the key to ignite the true economic potential of Galle. Recalling history, Pathirana has reportedly said that centuries ago Galle was the financial capital with Galle Harbour being the center point of economic activity of then Ceylon.

OSL take:

The recommencement of Sri Lanka’s development programme after last year’s global Covid 19 pandemic that locked down the entire world has opened up new business/investment opportunities in Sri Lanka. The government of Sri Lanka is focused on creating new opportunities in the country through converting most of its assets as revenue generating ventures. Sri Lanka’s geographical positioning in the Indian Ocean and the many trade agreements as well as trade concessions enjoyed by the country have helped the island reach the level of a business hub in the South Asian region. Foreign businesses/investors could therefore confidently explore business/investment opportunities in Sri Lanka.

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Article Code : VBS/AT/20210309/Z_7

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