Bid Highlights
- A motivation to host a Commonwealth Games that is intrinsically linked with plans for the long term development of the District of Hambantota and the Southern Province of Sri Lanka.
- All planned competition venues will be developed by 2016 allowing a comprehensive test event programme,including the 2016 South Asian Games.
- Special 'visa on arrival' arrangements will be in place during the 2018 Commonwealth Games.
- A Government-led project, with a strong financial commitment, fully supported by Guarantees.
Economic Climate
Sri Lanka is poised to achieve high and sustainable economic growth, under a long term development framework which is already delivering results. The focus is on sustainable and inclusive growth, whilst preserving Sri Lanka’s cultural values and traditions.
Sri Lanka’s economy grew by 8% in real terms in 2010. Growth in 2011 is expected to be 8.5% and will be sustained through an improved macro-economic environment; increased investor confidence; reconstruction and development activities in conflict-affected areas; and a partial shift of defense expenditure to other public sectors.
The Colombo Stock Exchange continues to perform well and was recognised as one of the best performing markets in the world in 2010. There were ten initial public offerings on the Colombo Stock Exchange in 2010. Private sector investments are expanding in Sri Lanka and foreign direct investment registered USD 517 million (GBP 330 million) in 2010. The third international sovereign bond of USD 1,000 million (GBP 630 million), which was launched in October 2010, was six times oversubscribed. By distribution, over 78% of Sri Lanka’s international sovereign bonds went to US and European investors at issuance.
News and Events
Battle between Gold Coast & Hambantota for 2018 CWG is most exciting ever says Hooper
October 12 - Mike Hooper, chief executive of the Commonwealth Games Federation (CGF), has said that the race between Australia's Gold Coast and Sri Lanka's Hambantota to host the 2018 event is one of the most exciting ever.The battle has now entered the final stages with less than a month to go until the 71 Commonwealth nations and territories gather decide on who will host the event at the CGF General Assembly on November 11 in St Kitts and Nevis.
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Articles
Hambantota 2018 Commonwealth Games : Impressions of a foreign friend
With regard to Hambantota 2018 legacy plan, considering all what has been carried out so far and what will certainly be done in the months ahead, we selected seven letters to summarize implication and motivation of Sri Lankan authorities and Hambantota 2018 bid committee. Those seven letters are P.R.A.C.H.A.L. seven letters like the seven years ahead the d date. Those letters, according to us, represent Hambantota 2018 legacy plan and Sri Lankans’ motivation to host 2018 Commonwealth Games.
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