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Message: <blockquote data-quote="monson" data-source="post: 21087203" data-attributes="member: 30005">PM to launch Southern Development PlanThe government will launch the Southern Development Plan aimed at developing the Southern Province, along with the development of Hambantota assisted by China, on January 7 in Hambantota.The launch will take place in the presence of Prime Minister Ranil Wickremesinghe, Chinese Ambassador Yi Xianliang and several key ministers, Chairman of Ruhunu Development Corporation, Ajita de Costa told Business Observer.The launch also coincides with the government’s vision for an era of sustainable development called Thirasara Yugayaka Thewasara Arambuma, starting on January 1. Under this project, China will set up several ventures including port, refinery and industrial zones. The proposed industrial zone to be set up by China will spread from Hambantota to Moneragala and Matara.China will be provided 15,000 acres of land and it will be released on a phase-by-phase basis depending on their availability.The Survey Department recently carried out a survey to determine the extent of government lands in those areas.Meanwhile Minister Malik Samarawickrama told the media last month that the government hopes to sign an agreement with the China Merchants Port Holdings Company Ltd. (CMPort) to set up a joint venture to run the port in Hambantota.According to the agreement, China Merchant Holdings will have a 85 percent stake in the new venture and the Sri Lanka Ports Authority, 15 percent.- <a href="http://sundayobserver.lk/2017/01/01/business/pm-launch-southern-development-plan" target="_blank">http://sundayobserver.lk/2017/01/01/business/pm-launch-southern-development-plan</a></blockquote>

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