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Monday, February 28, 2011 - 6.28 GMT |
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Heavy industry
zone in Trinco |
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Cabinet approval was granted for the Mitchell Consortium, a multi-national consortium from Australia with partners from Brazil and Sri Lanka, to conduct a feasibility study and submit a report to the Government on establishing a special Zone for Heavy Industry at Sampur in Trincomalee.
The company has made an unsolicited proposal to locate a zone which includes a soft drink production plant, Iron Ore palletizing plant, manufacturing plant and machinery, sugar refinery etc.
The project needs an area with terminal facilities in a land extent of 97 Sq km. Investment for phase I of the project will be US $700 million.
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