The government of Sri Lanka has reportedly approved a proposal by the Ministry of Megapolis and Western Development to enter into a public-private partnership (PPP) with Port City developer CHEC Port City Colombo Ltd. to build a tunnel linking the road network of the mainland and the Port City.
The Asian Development Bank (ADB) has reportedly noted that given Sri Lanka’s emphasis on increasing reliance on renewable energy, the demand for ‘green skills’ in the sector is showing a growth that needs to be met.
Sri Lanka’s Board of Investment (BOI, which is the country’s investment promotion agency, is reportedly planning to set up a system to generate online approvals for investment proposals received by the authority.
The Export-Import Bank of Korea has reportedly approved US$ 14 million for the supply of garbage collection compactors to Sri Lanka.
Property website, LankaPropertyWeb.com, in its latest data has noted that there has been an increase in the number of apartment projects in Colombo and Greater Colombo areas.