The government will proceed with the setting up of a special zone for heavy industries at Sampur in Trincomalee district.
The cabinet of ministers in 2011 approved the setting up of a special zone for heavy industry at Sampur in a land extent of 97 sq km. However the project got delayed due to litigation by the land owners in the zone acquired by the Board of Investment (BOI).
The project that will be implemented in three phases at an investment of US$ 4 billion.
The first phase will see the construction of a deep-water jetty and a stockpile yard at a cost of US$ 700 million (more than Rs. 88.26 billion).
The second phase will involve the construction of an iron ore and coke production plant at a cost of US$ 1.3 billion and the final phase costing US$ 2 billion will develop a ship-building and repair facility, plant and machinery manufacturing, an automobile assembly plant and smaller support industries.
Investment Promotion Minister Lakshman Yapa Abeywardena told the cabinet last week that the proposed zone would result in the creation of over 10,000 employment opportunities, township development and enhancement of social infrastructure in the area.
Minister Abeywardena noted that the provision of essential economic infrastructure in a dedicated Special Infrastructure Zone will underpin the future development of the North-East province.