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Sri Lanka to take-over land to build new city in Hambantota

June 30, 2011 (LBO) - Sri Lanka will take-over land in Hambantota in Southern Sri Lanka to build a new business and industrial city which will have housing, hotels, a theatre, schools, beach parks and, the government's information office said.
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Sri Lanka's cabinet of ministers had given the nod to give Urban Development Authority (UDA) 812 million rupees to compensate the owners of the area identified for the project.
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Under the UDA's governing law, citizens can be compelled to give up their lands for identified activities.
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The new Hambantota 'central business and industrial city' will also have space for 'banking square' the information office said. Sri Lanka is building a new airport and an industrial port with Chinese funding in Hambantota.

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