$500 mln Thai investment in Milleniya EPZ

Business

Thailand’s Rojana Industrial Park Public Company Ltd will be investing US$ 500 million in the first and second phase of an Export Processing Zone in Milleniya, near Kalutara.
Some 400 acres of state-owned land will be utilized for the initial phase of the project while the whole zone will require 1000 acres of land. The zone which can typically take three and a half years to be fully operational, will be completed by December 2018, according to State Minister of International Trade Sujeewa Senasinghe who spoke at a media briefing held at the Board of Investment (BOI) Auditorium in Colombo on Monday.
The Minister also stated that the Sri Lankan government will be spending Rs. 3.5 billion on infrastructure to the zone. Officials from the Thailand company and BOI were also present at the media briefing. (Raj)

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