Work on proposed Rigid Tyre plant well on track and will be completed on schedule – Naveen Dissanayake
January 22, 2017, 1:04 am
by Steve A. Morrell
Minister Plantation Industries, Naveen Dissanayake said the proposed multi-million dollar Rigid Tyre plant at Horana was on track. Work on the project will go ahead, as planned.
Dismissing media reports that the project was "on hold" on a presidential directive, the minister clarified that there was no truth in such claims. "They are baseless".
He said the proposed Rigid Tyre plant is ongoing and well on track as a key investment project in Horana.
Reverting to funding origins, he said a recognized Bank in Dubai sourced by the project investor would ensure its effective completion on schedule.
"There is no question of black money as the source of funding is known with a reputed Dubai-based bank transferring the funds on behalf of the investor", the minister replied in response to a question from the media.
"This is an unfounded malicious hypothesis. There is no issue whatsoever and the proposed Rigid Tyre plant will move towards its effective completion on schedule", Dissanayake stressed.
Referring to the success of the Moneragala Rubber Plantations comprising around 5,000 hectares, the minister confirmed its expected expansion. It was additionally extended by 2,000 hectares and would offer further complementary perspectives that could be considered for the Rigid Tyre project at Horana.
On completion, Rigid will generate around 3,000 jobs. More in context will be transfer of technology expected to enhance skills for further expansion in noted fields of tyre manufacturing and ancillary products, he noted.
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