Under this grant, China's Huichen Investment Holdings Limited will bring new investments into Mirigama zone situated 55 kilometers away from Colombo, for a period of 33 years. Over next three years, Huichen will invest 28 million dollars to develop roads, power and sewerage facilities in the zone.

The government also plans to carve out economic zones in the former war-scarred northern town, Kilinochchi as well as in Trincomalee, Batticaloa and Ampara in the East.