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* Prime Minister promises to rebuild the economy in the North and East
Thu, Feb 1, 2018, 12:03 am SL Time, ColomboPage News Desk, Sri Lanka.

Jan 31, Colombo: Sri Lanka's Prime Minister Ranil Wickremesinghe said he will bring massive development projects to the North and East to rebuild the economy of the region.

Speaking at a rally held at the Kalaimagal Stadium in Vavuniya today to ensure the victory of the UNP candidates contesting the local government institutions in Vavuniya, the Premier said the long protracted war destroyed the economy of the area and the government has to rebuild it.

"But before we take steps to fix the economy in the In North eastern region we have to fix the country's economy," he said.

The premier said that under the Mahinda Rajapaksa government there was no good income. The previous government worked with loans and obtained loans to pay the debt. There was a massive set back due to paying back the debt.

It is only now the country is seeing a development and a steady income, the Premier said. Government revenues have increased with new businesses and there is no need to take more loans to pay off loans now. It is only now due to this development that new job opportunities are emerging. For promising jobs to people you have to find a way to create jobs, he said.

Pointing out that the biggest income the country received through exports was in 2017 with US$ 15 billion. Similarly biggest foreign investment of US$ 1.5 billion also received in 2017, the Premier said this amount need to be doubled to improve the employment issue.

"We have to start taking steps in line with this agenda. We are going to develop the Trincomalee Port. It is the best port in Bay of Bengal.

With the development of the port, India, Bangladesh, Myanmar as well as Trincomalee will see more development. Tamil Nadu, Andhra, Orissa, Bengal, and Bangladesh will see development as well, he noted.

Even at present an organization in Singapore is formulating a plan for the development of Trincomalee and it will be overseen by Minister Field marshal Sarath Fonseka. Therefore, India, Singapore, Japan and Sri Lanka will help develop Trincomalee. The benefits of that will even come to Vavuniya, the Premier added.

"North east has not been forgotten. We are all Sri Lankans. We all have the right to exist. Only we have solutions. Only we can find required finances. Let's move forward. Just like the country's government give UNP the governance of the village as well," he said.

 

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