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Transport in Sri Lanka is based on its road network, which is centred on the country's commercial capital Colombo. A rail network handles a portion of Sri Lanka's transport needs. There are navigable waterways, harbours and three international airports: in Katunayake, 35 kilometres (22 mi) north of Colombo, in Hambantota, and in Jaffna.
Colombo is the executive and judicial capital and largest city of Sri Lanka by population. According to the Brookings Institution, Colombo metropolitan area has a population of 5.6 million, and 752,993 in the Municipality. It is the financial centre of the island and a tourist destination. It is located on the west coast of the island and adjacent to the Greater Colombo area which includes Sri Jayawardenepura Kotte, the legislative capital of Sri Lanka, and Dehiwala-Mount Lavinia. Colombo is often referred to as the capital since Sri Jayawardenepura Kotte is itself within the urban/suburban area of Colombo. It is also the administrative capital of the Western Province and the district capital of Colombo District. Colombo is a busy and vibrant city with a mixture of modern life, colonial buildings and monuments.
The Western Province is one of the nine provinces of Sri Lanka, the first level administrative division of the country. The provinces have existed since the 19th century but did not have any legal status until 1987 when the 13th Amendment to the Constitution of Sri Lanka established provincial councils. Western Province is the most densely populated province in the country and is home to the legislative capital Sri Jayawardenepura Kotte as well as to Colombo, the nation's administrative and business center.
Tourism in Sri Lanka is growing rapidly. For centuries, Sri Lanka has been a popular place of attraction for foreign travelers. The Chinese traveler Fa-Hien visited Sri Lanka as early as the 410's AD/CE, and in the twelfth century, Italian explorer Marco Polo claimed Sri Lanka to be the "best island of its size in the world".
The Eastern Province is one of the nine provinces of Sri Lanka, the first level administrative division of the country. The provinces have existed since the 19th century but did not have any legal status until 1987 when the 13th Amendment to the Constitution of Sri Lanka established provincial councils. Between 1988 and 2006 the province was temporarily merged with the Northern Province to form the North Eastern Province. The capital of the province is Trincomalee.
The Sri Lanka Railway Department is Sri Lanka's railway owner and primary operator. As part of the Sri Lankan government, it is overseen by the Ministry of Transport. Founded in 1858 as the Ceylon Government Railway, it operates the nation's railways and links Colombo with other population centres and tourist destinations.
Melco Resorts & Entertainment Limited is a developer, owner and operator of integrated resorts with entertainment and casino gaming facilities in Asia and Europe. Based in Hong Kong, the company is listed on the NASDAQ. Originally known as Melco Crown Entertainment, Melco Resorts was founded in 2004 as a joint venture between Melco International and Crown Limited. Melco Crown became Melco Resorts & Entertainment in May 2017 and currently operates as a subsidiary of Melco International. Melco Resorts owns a number of integrated casino resorts, having launched Altira Macau in 2007, City of Dreams Macau in 2009, City of Dreams Manila in 2015, and Studio City Macau in 2015. It also operates the Mocha Clubs slot machine brand and is in the process of constructing the City of Dreams Mediterranean resort in Cyprus, which will be the largest casino-resort in Europe. Other projects under construction include an onsen spa and a ski resort in Japan.
Crown Resorts Limited is Australia's largest gaming and entertainment group that owns and operates two of Australia's leading gambling and entertainment complexes, Crown Melbourne and Crown Perth. It was listed on the Australian Securities Exchange until purchased by Blackstone in June 2022.
India–Sri Lanka relations also referred to Indian-Sri Lankan relations or Indo-Sri Lanka relations, are the bilateral relations between India and Sri Lanka. Only 4% of Sri Lankans have a negative view on India, the lowest of all the countries surveyed by the Ipsos GlobalScan. The two countries are also close on economic terms with India being the island's largest trading partner and an agreement to establish a proto single market also under discussion at an advanced stage. There are deep racial and cultural links between the two countries. India and Sri Lanka share a maritime border. India is the only neighbour of Sri Lanka, separated by the Palk Strait; both nations occupy a strategic position in South Asia and have sought to build a common security umbrella in the Indian Ocean. Both India and Sri Lanka are republics within the Commonwealth of Nations.
Maithripala Yapa Sirisena is a Sri Lankan politician who served as the seventh President of Sri Lanka from 9 January 2015 to 18 November 2019. Sirisena is Sri Lanka's first president from the North Central Province of the country and does not belong to the traditional Sri Lankan political elite. He is currently a member of parliament from Polonnaruwa.
Aitken Spence PLC is a Sri Lankan blue chip conglomerate with operations in South Asia, the Middle East, Africa and the Pacific. Listed in the Colombo Stock Exchange since 1983, it has major interests in hotels, travel, maritime services and logistics. The group also has a significant presence in printing, plantations, power generation, financial services, IT Business Process Outsourcing/Knowledge Process Outsourcing sector, elevator agency services, garments, and property development.
The Colombo Outer Circular Expressway is a highway in Colombo, Sri Lanka. It was opened in sections. The 29 km (18 mi) long outer circular road network links the Colombo - Matara Expressway with Colombo - Katunayake Expressway and the proposed Colombo - Kandy Expressway and will provide an orbital beltway to bypass the city of Colombo and reduce traffic congestion. The project is funded by the Japan International Cooperation Agency (JICA). The expressway is named "Arthur C. Clarke Expressway" in honor of Arthur C. Clarke, a famous science fiction writer and futurist who lived in Sri Lanka from 1956 to his death in 2008.
The electricity sector in Sri Lanka has a national grid which is primarily powered by hydroelectric power and thermal power, with sources such as photovoltaics and wind power in early stages of deployment. Although potential sites are being identified, other power sources such as geothermal, nuclear, solar thermal and wave power are not used in the power generation process for the national grid.
Colombo International Financial City is a special economic zone and International Financial Centre located in Colombo, Sri Lanka, which is currently under construction on reclaimed land adjacent to the Galle Face Green. The land reclamation work had been completed as of January 2018. In 2017, the cost was slated to be US$ 15 billion. The project is part of China's Belt and Road initiative.
Lotus Tower, also referred to as Colombo Lotus Tower, is a 350 m (1,150 ft) tall tower, located in Colombo, Sri Lanka. It has been called a symbolic landmark of Sri Lanka. As of 2019, the tower is the tallest self-supported structure in South Asia; the second tallest structure in South Asia after the guy-wire-supported INS Kattabomman in India; the 11th tallest tower in Asia and the 19th tallest tower in the world. It was first proposed to be built in the suburb of Peliyagoda but later the Government of Sri Lanka decided to change the location. The lotus-shaped tower is used for communication, observation and other leisure facilities. Construction is estimated to have cost USD 113 million.
The Mannar line is a railway line in Sri Lanka. Branching off the northern line at Medawachchiya Junction, the line heads north-west through North Central and Northern provinces before terminating at the town of Talaimannar. The line is 106 kilometres (66 mi) long and has 11 stations. The line opened in 1914.
Vallibel One PLC is one of Sri Lanka's largest conglomerate companies. The company controls a massive subsidiaries chain and listed on the Colombo Stock Exchange since 2011. It has a market capitalisation of approximately Rs. 26.95 billion. The company wholly owns LB Finance, Royal Ceramics Lanka, and Delmege Group. The company was included in S&P SL 20 index in 2018.
Cinnamon Life Integrated Resort is the first integrated resort in Sri Lanka and the largest private investment in the country. Sri Lankan-British architect, Cecil Balmond designed the resort while Hyundai Engineering & Construction is the main contractor. The construction of the resort began in 2014. All the buildings in the resort topped off in May 2019. Even though the resort was originally planned to be completed by 2018, the project got delayed several times due to various reasons. John Keells started handing over keys to the suites apartments in August 2021. With handing over of residential and commercial units, revenue recognition started at Cinnamon Life. The remainder of the project is scheduled to be launched in a phased manner, in the first half of 2023.
Citrus Leisure PLC is a hotel chain in Sri Lanka. The hospitality company owns and operates Citrus Waskaduwa, Citrus Hikkaduwa and the Steuart by Citrus. The company was incorporated as Hotel Reefcomber Limited in 1973. In 2010, the company was rebranded as Citrus Leisure when Dilith Jayaweera and Varuni Fernando of Triad Advertising bought a stake in the company. In 1984, the company was quoted on the Colombo Stock Exchange.
References
- 1 2 "Crown's partner on Colombo casino project says cost may rise to $US400m". theaustralian.com.au.
- ↑ Kruger, Colin (18 October 2013). "Crown has big casino plans in Sri Lanka". smh.com.au.
- ↑ "Sri Lanka's new government cancels new casino licenses". News.worldcasinodirectory.com. 2015-02-03. Retrieved 2016-08-07.