Sri Lankan government awards contract to modernise four secondary towns to Singaporean and Australian companies
The government of Sri Lanka has reportedly awarded a contract to modernize four secondary towns in the country to Singapore consultancy Surbana Jurong Infrastructure Pte. Ltd. (SJIPL) and its engineering subsidiary, SMEC International Pvt. Ltd. Australia.
Accordingly, the contract under the Asian Development Bank (ADB) funded ‘Sustainable Urban Development Project’ is aimed at modernising road infrastructure in the towns of Kurunegala, Ratnapura, Dambulla and Trincomalee.
Sri Lanka’s Government Information Department has stated that the Cabinet of ministers this week had decided to award the planning and procurements contract for the project to the Surbana Jurong Infrastructure – SMEC International joint venture.
Also, Resources Development Consultants Ltd and Master Hellie’s Engineering Consultants (Pvt) Ltd. Sri Lanka have been selected as sub-consultants for the project.
The project, which is under Sri Lanka’s Ministry of Megapolis and Western Development, aims to develop cities outside Colombo with growth potential in priority economic corridors and important nodes across the country, according to the ADB.
“The funding would provide for transformative investments to aim at creating livable prosperous communities that leverage industrial and economic linkages,” the Government Information Department has said.
OSL take:
The aggressive development programme undertaken by the government of Sri Lanka covering the entire country has resulted in a massive expansion in the country’s business/investment opportunities. Many foreign businesses have come forward to participate in Sri Lanka’s development projects at various levels. Foreign businesses could look at Sri Lanka’s project pipeline and explore business/investment opportunities in Sri Lanka’s development programme.
| Article Code : | VBS/AT/30082019/Z_2 |