Over 100 Chinese companies are expected to invest in the South of Sri Lanka with the majority said to commence operations in the greater Hambantota area.

The move comes subsequent to extensive discussions between the two Governments held during the recent visit of Prime Minister Ranil Wickremesinghe to Beijing.

Meanwhile, Deputy Minister, Public Enterprise Development, Eran Wickramaratne told Nation said that discussions were already underway to invite Chinese companies to invest in the country. “We have already started discussions with the Chinese Government. We are expecting many companies to invest in the South of Sri Lanka as a result of these discussions,” he said.  The Government is also considering several avenues to manage the Hambantota Harbour and the Mattala airport with increased Chinese participation.

When queried whether the Chinese Government would temporarily manage the two entities, Minister Wickramaratne observed that the Government was open for suggestions to manage both properties. “We are looking at all avenues since both were built with funds obtained through loans,” he said.